AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO 28 MCWHORTER ST URBAN RENEWAL, LLC, 9 KENSINGTON PLACE, ROSELAND, NEW JERSEY 07208, FOR A PROJECT TO CONSTRUCT A NEW TWELVE (12) STORY MIXED-USE BUILDING CONSISTING OF APPROXIMATELY 403 MARKET RATE RENTAL UNITS, 3,222 SQUARE FEET OF RETAIL SPACE, 196 PARKING SPACES AND OTHER AMENITIES, LOCATED ON REAL PROPERTY COMMONLY KNOWN AS 51-57 UNION STREET AND 28-50 MCWHORTER STREET, NEWARK, NEW JERSEY 07105 AND IDENTIFIED ON THE OFFICIAL TAP MAP OF THE CITY OF NEWARK, AS BLOCK 184, LOTS 8 AND 28. (EAST WARD)