AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO ESSEX PLAZA OWNER ONE, LLC, HAVING ITS PRINCIPAL OFFICE AT C/O FAIRSTEAD, 250 WEST 55TH STREET, 35TH FLOOR, NEW YORK, NEW YORK, 10019 FOR A PROJECT TO ACQUIRE AND SUBSTANTIALLY RENOVATE AN EXISTING EIGHT (8) STORY BUILDING CONSISTING OF 450 SENIOR AFFORDABLE HOUSING RENTAL UNITS AND ON-SITE COMMUNITY AND MEDICAL FACILITIES, LOCATED ON REAL PROPERTY COMMONLY KNOWN AS 1056-1070 BROAD STREET AND 1048-1054 BROAD STREET, NEWARK, NEW JERSEY 07102 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 892, LOTS 1 AND 16.