AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO 369-378 18TH AVENUE URBAN RENEWAL, LLC, 1 ORIENT WAY, SUITE F #240, RUTHERFORD, NEW JERSEY 07070, FOR A PROJECT TO CONSTRUCT (11) MARKET RATE RESIDENTIAL RENTAL UNITS WITH (1) AFFORDABLE HOUSING RENTAL UNIT WHICH SHALL BE RESTRICTED TO TENANTS AT 60% OF AREA MEDIAN INCOME (“AMI”), AND (6) ASSOCIATED PARKING SPACES, LOCATED AT 369-379 18TH AVENUE, NEWARK, NEW JERSEY 07108 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2609, LOT 1.12 (CENTRAL WARD).