AN ORDINANCE GRANTING A FIVE (5) YEAR TAX ABATEMENT TO ANGEL P. AND LYSSETTE PARAMO, FOR A PROJECT CONSISTING OF A TWO (2) FAMILY NEW CONSTRUCTION, ON REAL PROPERTY KNOWN AS 323 NORTH 12TH STREET, MORE SPECIFICALLY IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK AS BLOCK 1963, LOT 31.01. (NORTH WARD)