AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO KS 486 MARKET STREET URBAN RENEWAL, LP, 556 MARKET STREET, NEWARK, NEW JERSEY 07105, FOR A PROJECT TO CONSTRUCT SEVENTEEN (17) MARKET RATE RESIDENTIAL RENTAL UNITS (THE “MARKET RATE UNITS”), AND TWO (2) AFFORDABLE HOUSING RENTAL UNITS (THE “INCOME RESTRICTED UNITS”) RESTRICTED TO TENANTS AT 60% OF AREA MEDIAN INCOME (“AMI”), LOCATED AT 486 MARKET STREET, NEWARK, NEW JERSEY, AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 2002, LOT 1. (EAST WARD)