Dept/ Agency: Finance Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Confirming Bond Sale Amount to be Financed: $8,000,000.00 Source of Appropriation: Redevelopment Area Bonds Purchaser: The Prudential Insurance Company of America Project Information: (Description/ Project No./Amount Appropriated/Ordinance No.) RESOLUTION AUTHORIZING AND PROVIDING FOR THE SALE AND ISSUANCE OF NON-RECOURSE REDEVELOPMENT AREA BONDS, SERIES 2026 (930 MCCARTER URBAN RENEWAL, LLC PROJECT) (FEDERALLY TAXABLE) OF THE CITY OF NEWARK, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY, PROVIDING FOR THE FORM, MATURITIES AND OTHER DETAILS OF SAID BONDS; AUTHORIZING THE EXECUTION AND DELIVERY BY THE CITY OF A MASTER TRUST INDENTURE, A FIRST SUPPLEMENTAL INDENTURE, A PLEDGE AND ASSIGNMENT AGREEMENT, AND SUCH OTHER DOCUMENTS AND INSTRUMENTS AS NECESSARY FOR THE ISSUANCE OF SAID BONDS Additional Information:

Resolution Adopted Introduced August 21, 2026

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