AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO GATEWAY LOFTS URBAN RENEWAL, LLC, OF NEWARK, NEW JERSEY 07105, FOR A PROJECT TO CONSTRUCT A RESIDENTIAL BUILDING CONSISTING OF (27) MARKET RATE RESIDENTIAL RENTAL UNITS, (31) AFFORDABLE HOUSING RENTAL UNITS, OF WHICH (6) UNITS SHALL BE RESTRICTED TO TENANTS AT 30% OF AREA MEDIAN INCOME (“AMI”) AND (25) UNITS SHALL BE RESTRICTED TO TENANTS AT 60% AMI, ALL IN ACCORDANCE WITH CITY ORDINANCE 6PSF-B, DULY ADOPTED ON OCTOBER 4, 2017, AS AMENDED AND SUPPLEMENTED, LOCATED AT 84-92 PARKHURST STREET, NEWARK, NEW JERSEY 07114 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 899, LOT 38 (EAST WARD).