AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO 495 WASHINGTON REALTY URBAN RENEWAL COMPANY, LLC, C/O NELSON ESPINOZA, 49 HERMON STREET, NEWARK, NEW JERSEY 07105, FOR A PROJECT TO CONSTRUCT TWENTY-SEVEN (27) MARKET RATE RESIDENTIAL RENTAL UNITS, SEVEN (7) INCOME RESTRICTED UNITS AND THREE (3) COMMERCIAL UNITS LOCATED AT 495-505 WASHINGTON STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 121, LOT 43. (CENTRAL WARD) Deferred 6F-a 010820