The Essex County Improvement Authority this week may vote on an $89 million real-estate lease-back bond deal that will help Newark balance its 2010 budget.
Authority officials selected Bank of America Merrill Lynch to underwrite the deal. Acacia Financial Group Inc. is the financial adviser. Decotiis, Fitzpatrick, Cole, & Wisler LLP is bond counsel. Officials anticipate issuing the bonds in December, according to Noreen White, Acacia's co-president.