Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Resolution providing for emergency temporary appropriation Name of Project(s): Amount to be Financed: $30,000,000.00 Funding Source: Bonds and/or Bond Anticipation Notes Local Finance Board meeting date(s): February 12, 2026 Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION OF THE MUNICIPAL COUNCIL OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY AUTHORIZING AN EMERGENCY TEMPORARY APPROPRIATION PURSUANT TO N.J.S.A. 40A:4-20 TO REPAY A LOAN IN THE AMOUNT OF $30,000,000.00 RECEIVED FROM THE DIVISION OF LOCAL GOVERNMENT SERVICES WITHIN THE DEPARTMENT OF COMMUNITY AFFAIRS OF THE STATE OF NEW JERSEY Additional Information:

Committee

Finance

Introduced

January 2, 2026

On agenda

January 7, 2026

Passed

January 7, 2026

Where it was heard

Municipal Council Jan 7, 2026 Adopt Pass

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