AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR LONG TERM TAX ABATEMENT TO 300 GARSIDE MANAGEMENT URBAN RENEWAL LLC, 124 POLK STREET, #S-2, NEWARK, NEW JERSEY 07105, FOR A PROJECT, LOCATED IN THE NORTH WARD AT 300-304 GARSIDE STREET, NEWARK, NEW JERSEY 07104 AND IDENTIFIED AS BLOCK 559, LOT 10.03 ON THE TAX MAP OF THE CITY (THE “PROPERTY”), TO CONSTRUCT A NEW FIVE (5)-STORY RESIDENTIAL MULTIFAMILY DWELLING CONSISTING OF TWENTY-FIVE (25) AFFORDABLE HOUSING RESIDENTIAL UNITS, CONSISTING OF FIVE (5) ONE-BEDROOM UNITS, FIFTEEN (15) TWO-BEDROOM UNITS, AND FIVE (5) THREE-BEDROOM UNITS, AND NINETEEN (19) PARKING SPACES AS APPROVED BY THE ZONING BOARD OF ADJUSTMENT (COLLECTIVELY, THE “PROJECT”) (NORTH WARD).