AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO 41 19TH AVE URBAN RENEWAL, LLC, 61 DEANS LANE, MONMOUTH JUNCTION, NEW JERSEY 08852 FOR A PROJECT TO CONSTRUCT THREE (3) BUILDINGS CONSISTING OF SIXTY (60) MARKET RATE RESIDENTIAL RENTAL UNITS LOCATED AT 55 19TH AVENUE, 47-53 19TH AVENUE, 45 19TH AVENUE, 43 19TH AVENUE, 41 19TH AVENUE, 709 SOUTH 16TH STREET, 711 SOUTH 16TH STREET, 713 SOUTH 16TH STREET, 715 SOUTH 16TH STREET, 717 SOUTH 16TH STREET, 718-722 SOUTH 17TH STREET, 714-716 SOUTH 17TH STREET, 712 SOUTH 17TH STREET, 708 SOUTH 17TH STREET, 724-726 SOUTH 17TH STREET (50% OF THE PROPERTY), 707 SOUTH 16TH STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S OFFICIAL TAX MAP AS BLOCK 364, LOTS 1, 2, 6, 7, 8, 9, 10, 11, 12, 13, 22, 24, 26, 28, 29 (50% OF THE PROPERTY) AND 30. (SOUTH WARD)