Newark Plans $5.37 Million Note Sale to Northland Securities | 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; City Parking Garage Bond Anticipation Notes, Series 2026 (Second Renewal)

Renewal date

2027-10-05

Renewal

Second renewal of prior parking garage notes originally issued in the principal amount of $5,125,000; the notes may be renewed or replaced by bonds at maturity.

Document type

AgendaPacket

Source document

City of Newark AgendaPacket Council Agenda October 5, 2026

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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 October 5, 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 Council Agenda October 5, 2026 (AgendaPacket), dated October 5, 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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