AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO BROAD STREET URBAN RENEWAL, LLC, C/O RUSSO DEVELOPMENT, 570 COMMERCE BOULEVARD, CARLSTADT, NEW JERSEY 07072, FOR A PROJECT TO CONSTRUCT TWO (2) NEW FIVE-STORY BUILDINGS CONSISTING OF APPROXIMATELY 269 MARKET RATE RESIDENTIAL RENTAL UNITS, THIRTY (30) ONE-BEDROOM AFFORDABLE HOUSING UNITS RESTRICTED TO TENANTS WITH A GROSS HOUSEHOLD INCOME EQUAL TO NO MORE THAN EIGHTY PERCENT (80%) OF THE MEDIAN GROSS HOUSEHOLD INCOME FOR HOUSEHOLDS OF THE SAME SIZE WITHIN THE HOUSING REGION AND ASSOCIATED PARKING, LOCATED AT 349-377 BROAD STREET AND 379-397 BROAD STREET, NEWARK, NEW JERSEY 07104 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 451, LOT 2 AND BLOCK 50, LOT 2. (CENTRAL WARD) DEFERRED 8-a 060221 No Action Taken 6PSF-v (s) 081721