AN ORDINANCE GRANTING A FIVE (5) YEAR TAX ABATEMENT AND/OR EXEMPTION, FOR A PROJECT CONSISTING OF AN EIGHTEEN (18) RESIDENTIAL UNITS BUILDING NEW CONSTRUCTION, ON REAL PROPERTY KNOWN AS 73½ - 87 4TH AVENUE, MORE SPECIFICALLY IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 524, LOT 37 (CENTRAL WARD).