77-25 FORM AND DETAILS RESOLUTION-WEST ORANGE (2019 CIP LONG TERM FINANCING) (2025)(95084600.1).pdf

#95084600 166035.003 Section 7. The terms of the Local Unit Bonds authorized to be set forth by the Chief Financial Officer in accordance with Section 2 hereof shall be ratified, pursuant to the terms of this Resolution, by the affirmative vote of 2/3 of the full membership of the governing body of the Local Unit. The terms of the Local Unit Bonds authorized to be set forth by the Chief Financial Officer in accordance with Section 2 hereof may also be determined by the execution and delivery of an award certificate by the Chief Financial Officer. Section 8. The Mayor and the Chief Financial Officer are hereby severally authorized to execute any certificates or documents necessary or desirable in connection with the issuance, sale and award of the Local Unit Bonds, and are further authorized to deliver same to the I-Bank and the State, respectively, upon delivery of the Local Unit Bonds and the receipt of payment therefor in accordance with the respective Loan Agreements. Section 9. This resolution shall take effect immediately. Section 10. Upon the adoption hereof, the Local Unit Clerk shall forward certified copies of this resolution to Everett M. Johnson, Esq., Wilentz, Goldman & Spitzer, P.A., bond counsel to the Local Unit, and Richard T. Nolan, Esq., McCarter & English, LLP, bond counsel to the I-Bank. Karen J. Carnevale, R.M.C. Joe Krakoviak Municipal Clerk Council President Adopted: February 11, 2025