AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO 14 MERCHANT URBAN RENEWAL, LLC, 124 POLK STREET, SUITE 2, NEWARK, NEW JERSEY 07105, FOR A PROJECT TO CONSTRUCT A NEW (5) STORY BUILDING CONSISTING OF (26) MARKET RATE RESIDENTIAL RENTAL UNITS, (2) AFFORDABLE HOUSING RENTAL UNITS RESTRICTED TO TENANTS AT 60% OF AMI AND (16) OFF-STREET PARKING SPACES LOCATED AT 14-16 MERCHANT STREET, NEWARK, NEW JERSEY 07105 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 1994, LOTS 42 AND 43.