68-19 Making Application to LFB (waiver of down payment) (West Orange_Essex) (2_19).pdf

2 #10423988.1 NOW, THEREFORE, BE IT RESOLVED BY THE TOWNSHIP COUNCIL OF THE TOWNSHIP OF WEST ORANGE, IN THE COUNTY OF ESSEX, STATE OF NEW JERSEY, as follows: SECTION 1. The making of an application to the Local Finance Board (the “Application”) is hereby approved to be undertaken by the Township, in consultation with Wilentz, Goldman & Spitzer, P.A., bond counsel to the Township (“Bond Counsel”), and NW Financial Group, LLC, municipal advisor to the Township (“Municipal Advisor”), along with other officials, professionals, and representatives of the Township and Bond Counsel and the Municipal Advisor are hereby authorized and directed to prepare and submit such Application to the Local Finance Board on behalf of the Township and to represent the Township in such matters pertaining thereto. SECTION 2. The Local Finance Board is hereby respectfully requested to consider such Application and to record its findings, recommendations, consents, endorsements and/or approvals as provided by applicable State law including the Local Bond Law, N.J.S.A. 40A:2-1 et seq., specifically 40A:2-11(c) and N.J.S.A. 40A:2-7(d). SECTION 3. The Township Clerk is hereby directed to file a certified copy of this resolution with the Local Finance Board. SECTION 4. The Chief Financial Officer is hereby authorized and directed to determine all matters in connection with the Project not determined by this or a subsequent resolution, all in consultation with Bond Counsel and the Municipal Advisor, and the manual or facsimile signature of the Chief Financial Officer upon any documents shall be conclusive as to all such determinations. The Mayor, Business Administrator, Chief Financial Officer, Township Clerk, and any other authorized Township representative, are each hereby authorized and directed to take such actions as are necessary to consummate the Project, and any such actions previously taken by the aforesaid Township representatives and professionals are hereby ratified and confirmed. SECTION 5. This resolution shall take effect immediately. Karen J. Carnevale, R.M.C. Jerry Guarino, Council President Municipal Clerk Adopted: February 19, 2019