AN ORDINANCE GRANTING A SEVENTEEN (17) YEAR TAX ABATEMENT TO SPG 100 FRONTAGE RD URBAN RENEWAL LLC, C/O SEAGIS PROPERTY GROUP, ONE MEADOWLANDS PLAZA, SUITE 800, EAST RUTHERFORD, NEW JERSEY 07073, FOR A PROJECT TO CONSTRUCT A 224,900 SQUARE FOOT WAREHOUSE/DISTRIBUTION BUILDING CONSISTING OF APPROXIMATELY 41 LOADING DOCKS, APPURTENANT DRIVEWAYS, CAR PARKING, LANDSCAPING, LIGHTING, UNDERGROUND UTILITIES, AND STORMWATER MANAGEMENT LOCATED AT 58-108 FRONTAGE ROAD, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 5088, LOT 156.01 (EAST WARD).