AN ORDINANCE GRANTING A TWENTY (20) YEAR TAX ABATEMENT TO 869 BROAD URBAN RENEWAL, LLC, 142 BROAD STREET, ELIZABETH, NEW JERSEY 07201, FOR A PROJECT TO CONVERT AN EXISTING FOUR (4) STORY RETAIL AND OFFICE BUILDING INTO A RESIDENTIAL AND RETAIL DEVELOPMENT CONSISTING OF THIRTY-SEVEN (37) MARKET RATE RESIDENTIAL RENTAL UNITS, 11,740 SQUARE FEET OF GROUND FLOOR RETAIL AND A 889 SQUARE FOOT LOBBY LOCATED AT 869-873 BROAD STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 57.04, LOTS 138 AND 139. (CENTRAL WARD)