Dept/ Agency: Administration/Office of Management & Budget Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Temporary Emergency Appropriation Purpose: To provide funds for all Interest and Debt Redemption Charges for 2012 Calendar Year Funding Source: City of Newark Appropriation Amount: $47,493,938.00 Budget Year: 2012 Contract Period: January 1, 2012 through December 31, 2012 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a Additional Information: Operating Agency: Citywide Two-Thirds vote of full membership required Invitation: Director of Management & Budget, January 18, 2012