AN ORDINANCE GRANTING A TWENTY (20) YEAR LONG TERM TAX ABATEMENT TO GOMES GREEN URBAN RENEWAL, LLC, 91 KOSSUTH STREET, NEWARK, NEW JERSEY 07105 FOR A PROJECT, LOCATED IN THE EAST WARD AT 64-68 EMMET STREET, NEWARK, NEW JERSEY 07114 AND IDENTIFIED AS BLOCK 2807, LOT 9.02 ON THE TAX MAP OF THE CITY (THE “PROPERTY”), TO CONSTRUCT TWENTY-EIGHT (28) RESIDENTIAL RENTAL UNITS CONSISTING OF TWENTY-TWO (22) ONE-BEDROOM MARKET RATE RESIDENTIAL RENTAL UNITS, (THE “MARKET RATE UNITS”) AND SIX (6) AFFORDABLE HOUSING RENTAL UNITS OF WHICH ONE (1) ONE-BEDROOM UNIT SHALL BE RESTRICTED TO TENANTS AT 40% OF AREA MEDIAN INCOME (“AMI”), TWO (2) ONE-BEDROOM UNITS SHALL BE RESTRICTED TO TENANTS AT 60% OF AMI, AND THREE (3) ONE-BEDROOM UNITS SHALL BE RESTRICTED TO TENANTS AT 80% OF AMI (THE “INCOME RESTRICTED UNITS”) AND EIGHTEEN (18) PARKING SPACES (COLLECTIVELY, THE “PROJECT”) (EAST WARD).