AN ORDINANCE GRANTING AN EIGHTEEN (18) YEAR TAX ABATEMENT TO 535 MLK BLVD URBAN RENEWAL, LLC, 535-541 MLK BOULEVARD, NEWARK, NEW JERSEY 07102, FOR A PROJECT TO CONSTRUCT A NEW BUILDING CONSISTING OF APPROXIMATELY THIRTY-TWO (32) MARKET RATE RESIDENTIAL RENTAL UNITS, EIGHT (8) AFFORDABLE HOUSING RENTAL UNITS IN ACCORDANCE WITH CITY ORDINANCE 6PSF-b, ADOPTED ON OCTOBER 4, 2017, SIX-HUNDRED (600) SQUARE FEET OF COMMERICIAL SPACE AND THIRTY-SIX (36) PARKING SPACES, LOCATED ON REAL PROPERTY COMMONLY KNOWN AS 535-541 MLK BOULEVARD, NEWARK, NEW JERSEY 07102 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2497, LOT 39 (CENTRAL WARD). No Action Taken 8-a (s) 081721