AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO SB REDEVELOPMENT URBAN RENEWAL CO., LLC, 260 CHESTNUT STREET, NEWARK, NEW JERSEY 07105, FOR A PROJECT TO CONSTRUCT A NEW SIX (6) STORY BUILDING CONTAINING APPROXIMATELY 74,625 SQUARE FEET OF HOTEL SPACE WITH APPROXIMATELY 109 GUEST ROOMS, A RESTAURANT, ROOF TOP BAR AND RELATED AMENITIES AND 2,150 SQUARE FEET OF RETAIL SPACE, LOCATED AT 114-126 MONROE STREET, NEWARK, NEW JERSEY 07105 AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 1987, LOT 21. (EAST WARD) Deferred 6PSF-v 102120 PUBLIC HEARING TO BE HELD ON NOVEMBER 5, 2020