26-0561
Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Approving loan and escrow agreements for Green Infrastructure Sewer Project Amount to be Financed: $800,000.00 Source of Appropriation: Bond/Notes through I-Bank Project Information: (Description/ Project No./ Amount Appropriated/Ordinance No.) RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A PROJECT AGREEMENT TO BE EXECUTED BY THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, NEW JERSEY AND THE STATE OF NEW JERSEY, ACTING BY AND THROUGH THE DEPARTMENT OF ENVIRONMENTAL PROTECTION, ALL PURSUANT TO THE STATE FISCAL YEAR 2026 NEW JERSEY WATER BANK FINANCING PROGRAM FOR FUNDING THE CITY’S GREEN INFRASTRUCTURE FOR THE SEWER SYSTEM PROJECT Additional Information: 100% Principal Forgiveness
- Committee
- Finance
- Introduced
- April 10, 2026
- Passed
- May 6, 2026