AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX EXEMPTION TO THE TOWER AT HALSEY AND WILLIAM URBAN RENEWAL, LLC, 645 MARTINSVILLE ROAD, SUITE 204, BASKING RIDGE, NEW JERSEY 07920, FOR A PROJECT TO CONSTRUCT A BUILDING CONSISTING OF 243 MARKET RATE RESIDENTIAL RENTAL UNITS, 27 AFFORDABLE HOUSING UNITS RESTRICTED TO 80% OF AREA MEDIAN INCOME IN ACCORDANCE WITH CITY OF NEWARK INCLUSIONARY ZONING ORDINANCE 6PSF-b, ADOPTED ON OCTOBER 4, 2017, 2 RESTAURANTS COMPRISING OF APPROXIMATELY 8,150 SQUARE FEET OF SPACE, 156 PARKING SPOTS AND CERTAIN OTHER AMENITIES LOCATED ON PROPERTY KNOWN AS 16-24 WILLIAM STREET, 26-30 WILLIAM STREET AND 32-34 WILLIAM STREET, NEWARK, NEW JERSEY 07102 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 94, LOTS 6, 3, AND 1 AND AUTHORIZING THE EXECUTION AND DELIVERY OF A FINANCIAL AGREEMENT AND OTHER APPLICABLE DOCUMENTS RELATED TO THE ISSUANCE OF REDEVELOPMENT AREA BONDS (NON-RECOURSE TO THE FULL FAITH AND CREDIT OF THE CITY), AUTHORIZING THE ISSUANCE OF THE REDEVELOPMENT AREA BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $1,000,000.00, AND DETERMINING VARIOUS OTHER MATTERS IN CONNECTION THEREWITH. (CENTRAL WARD)