The Newark City Council on a unanimous roll-call vote adopted Ordinance 25-26, authorizing issuance of notes not to exceed $5,370,000 to renew prior notes used to pay part of the cost of constructing, improving and equipping a downtown parking garage.

Council President called for the reading of Ordinance 25-26, which states the notes would renew previously issued notes and pay part of costs for site preparation, construction, improvements and related work on the parking garage. Council Member Barker moved to adopt the ordinance; Council Member Lubudis seconded the motion. The council then conducted a roll-call vote; all members present voted yes and the ordinance passed. The ordinance language includes a declaration of an emergency.

The action renews long-term financing for a project described in the ordinance as construction and improvements to a parking garage and related site work. No additional details about the note terms (interest rate, maturity, or repayment source) were provided in the meeting record.

Council did not discuss amendments to the measure on the floor during the vote. The ordinance was carried as introduced and no further administrative direction or referral was recorded at the meeting.

Background: The ordinance text read into the record identified the notes as renewing previously issued obligations and stated an emergency to expedite the process. The council’s approval completes the legislative step recorded at this meeting; implementation details such as final note pricing, underwriting, or scheduling were not stated and would be handled administratively.

For further information, finance staff or the city auditor’s office would hold the final documents and any subsequent reporting to the council.