AN ORDINANCE GRANTING A FIVE (5) YEAR TAX ABATEMENT AND/OR EXEMPTION, FOR A PROJECT CONSISTING OF A FIVE-FAMILY NEW CONSTRUCTION, ON REAL PROPERTY KNOWN AS 59-61 MONROE STREET, MORE SPECIFICALLY IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 1989, LOT 35. (EAST WARD)