Newark Considers $5.37 Million Note Sale to Northland | City of Newark | NORTHLAND SECURITIES INC

Scope & details

The full contract record, as filed.

Contract amount

Not to exceed $5,370,000; notes to be sold for not less than 97% of principal amount plus accrued interest

Contract type

FINANCIAL_SERVICES

Contract term

Notes mature not more than one year from the date of initial issuance

Renewal

The notes are a second renewal of prior parking garage bond anticipation notes and are intended to be retired through renewal notes or long-term bonds.

Document type

AgendaPacket

Source document

City of Newark AgendaPacket Finance Committee Meeting 2026-09-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Newark?

Northland Securities Inc was awarded this financial services contract by City of Newark, as recorded on September 21, 2026. The contract value is Not to exceed $5,370,000; notes to be sold for not less than 97% of principal amount plus accrued interest.

How much is the Northland Securities Inc contract with City of Newark worth?

The Northland Securities Inc contract with City of Newark is valued at Not to exceed $5,370,000; notes to be sold for not less than 97% of principal amount plus accrued interest, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in City of Newark AgendaPacket Finance Committee Meeting 2026-09-21 (AgendaPacket), dated September 21, 2026 from City of Newark. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Northland Securities Inc hold?

Northland Securities Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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