26-0495
Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving Form of Sale of City-Secured Bonds Amount to be Financed: $50,800,000.00 Source of Appropriation: Bond Anticipation Notes Purchaser: Open Market Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY (THE “CITY”) AUTHORIZING AND APPROVING (A) THE SALE AND ISSUANCE OF GENERAL OBLIGATION NOTES, SERIES 2026, CONSISTING OF (I) BOND ANTICIPATION NOTES, SERIES 2026C (NHA AFFORDABLE HOUSING LOANS) (TAX-EXEMPT), (II) SPECIAL EMERGENCY NOTES, SERIES 2026D (TAX-EXEMPT), (III) BOND ANTICIPATION NOTES, SERIES 2026E (PATH HOME PROGRAM) (TAX-EXEMPT), AND (IV) SPECIAL EMERGENCY NOTES, SERIES 2025F (FEDERALLY TAXABLE) OF THE CITY, (B) THE PREPARATION AND DISTRIBUTION OF A PRELIMINARY OFFICIAL STATEMENT AND FINAL OFFICIAL STATEMENT IN CONNECTION THEREWITH, (C) THE ENTERING INTO AND EXECUTION OF A CONTINUING DISCLOSURE CERTIFICATE IN CONNECTION THEREWITH, AND (D) CITY OFFICIALS TO UNDERTAKE OTHER ACTIONS IN CONNECTION THEREWITH Additional Information:
- Committee
- Finance
- Introduced
- April 6, 2026
- On agenda
- April 15, 2026
- Passed
- April 15, 2026