AN ORDINANCE GRANTING A FIVE (5) YEAR OF TAX ABATEMENT/EXEMPTION TO MJ DEVELOPERS, INC., FROM TAXATION ON LAND AND/OR IMPROVEMENTS, FOR A PROJECT CONSISTING OF TWO (2) FAMILY NEW CONSTRUCTION, ON REAL PROPERTY KNOWN AS 106 CHAPEL STREET, MORE SPECIFICALLY IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2455, LOT 41. (EAST WARD)