AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO FAIRMOUNT COMMONS URBAN RENEWAL ASSOCIATES, L.P., 77 PARK STREET, MONTCLAIR, NEW JERSEY 07042, FOR A PROJECT TO CONSTRUCT TWO (2) NEW BUILDINGS CONSISTING OF A TOTAL OF SIXTY-NINE (69) AFFORDABLE HOUSING RENTAL UNITS, OF WHICH FOUR (4) SHALL BE RENTED TO TENANTS AT 20% AREA MEDIAN INCOME (“AMI”), AT LEAST SEVEN (7) SHALL BE RENTED TO TENANTS AT 30% AMI AND FIFTY-EIGHT (58) SHALL BE RENTED TO TENANTS AT OR BELOW 60% AMI AND ONE (1) SUPERINTENDENT’S UNIT AND GROUND FLOOR EARLY CHILDHOOD EDUCATION SPACE, LOCATED ON REAL PROPERTY COMMONLY KNOWN AS 331-335 SOUTH 11TH STREET AND 381-395 SOUTH ORANGE AVENUE, NEWARK, NEW JERSEY 07103 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 1784, LOTS 6, 7, 8 AND 35. (EAST WARD) No Action Taken 6PSF-ad (s) 081721