AN ORDINANCE GRANTING TWENTY-FIVE (25) YEAR LONG TERM TAX ABATEMENT TO SUW K URBAN RENEWAL, LLC, 20 W. 47TH STREET, SUITE 705, NEW YORK, NEW YORK 10036, FOR A PROJECT LOCATED THE EAST WARD AT 430-436 MARKET STREET, NEWARK, NEW JERSEY 07105 AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 176, LOT 1 (THE “PROPERTY”) TO CONSTRUCT A NEW THIRTEEN (13) STORY MIXED USE BUILDING WITH TWO-HUNDRED TWENTY-FIVE (225) RESIDENTIAL RENTAL UNITS CONSISTING OF ONE HUNDRED NINETY-SIX (196) MARKET RATE RESIDENTIAL RENTAL UNITS, TWENTY-NINE (29) AFFORDABLE HOUSING RENTAL UNITS, 1,222 SQUARE FEET OF COMMERCIAL SPACE, AND SEVENTY (70) RENTAL PARKING SPACES, A 8,590 SQUARE FOOT AMENITY ROOM AND GYM, A TERRACE THAT WRAPS AROUND THE AMENITY SPACES (COLLECTIVELY, THE “PROJECT”) (EAST WARD).