AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 650 SPRINGFIELD AVE URBAN RENEWAL, LLC, 61 DEANS LANE, MONMOUTH JUNCTION, NEW JERSEY 08852 FOR A PROJECT TO REHABILITATE SIX (6) AFFORDABLE HOUSING UNITS AND CONSTRUCT TEN (10) NEW AFFORDABLE HOUSING UNITS WITH APPROXIMATELY 1,900 SQUARE FEET OF COMMERCIAL AND COMMUNITY SPACE LOCATED AT 650-656 SPRINGFIELD AVENUE, 710 SOUTH 17TH STREET, AND 724-726 SOUTH 17TH STREET (50% OF THE PROPERTY), NEWARK, NEW JERSEY 07103, AND IDENTIFIED ON THE CITY’S OFFICIAL TAX MAP AS BLOCK 364, LOTS 21, 27, AND 29 (50% OF THE PROPERTY). (SOUTH WARD)