Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: An Application to Local Finance Board for approval of the creation of a Municipal Utilities Authority to operate the City’s Water and Sewer Systems Name of Project(s): Newark Municipal Utility Authority Amount to be Financed: Funding Source: Local Finance Board meeting date(s): Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) Additional Information: The Municipal Utilities Authority would operate and maintain the City’s Water and Sewer Systems and would operate in accordance with the Municipal and County Utilities Authorities Law, N.J.S.A. 40:14B-1 et seq. Failed 7R5-a (s) 072412