24-0295
Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving loan and escrow agreements for Small Diameter Sewer Project Amount to be Financed: $20,547,036.00 Source of Appropriation: New Jersey Infrastructure Bank Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION DETERMINING THE FORM AND OTHER DETAILS OF NOT EXCEEDING $20,547,036.00 QULAIFIED BONDS OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY, AND PROVIDING FOR THEIR SALE TO THE NEW JERSEY INFRASTRUCTRE BANK AND THE STATE OF NEW JERSEY, ACTING BY AND THROUGH THE DEPARTMENT OF ENVIRONMENTAL PROTECTION, PURSUANT TO THE STATE FISCAL YEAR 2024 NEW JERSEY WATER BANK FINANCING PROGRAM FOR FUNDING THE CITY’S SMALL DIAMETER SEWER EVALUATION AND REHABILITATION PROJECT. Additional Information: To permanently finance temporary construction loans through the NJIB.
- Committee
- Finance
- Introduced
- February 28, 2024
- On agenda
- March 6, 2024
- Passed
- March 6, 2024