Dept/ Agency: Offices of Municipal Council/City Clerk Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Establishing the Newark Municipal Council’s position on Memorandum of Understanding, including good faith efforts to create a Municipal Utilities Authority (MUA). Purpose: Providing the Newark Municipal Council’s acknowledgement of the terms and Conditions in the Memorandum of Understanding between the City of Newark and The New Jersey Department of Community Affairs. Entity Name: Newark Municipal Council Entity Address: 920 Broad Street, Newark, NJ 07102 Contract Basis: N/A Additional Information: CY 2011 MOU regarding $32,000,000.00 loan for use in 2011 City Budget. Sponsor: Payne