AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 306 MLK BLVD URBAN RENEWAL COMPANY, LLC, 45 ACADEMY STREET, SUITE 503, NEWARK, NEW JERSEY 07102, FOR A PROJECT TO PRESERVE AND REHABILITATE A VACANT HISTORIC STRUCTURE INTO TWENTY-ONE (21) MARKET RATE AND FOUR (4) DEED RESTRICTED AFFORDABLE RESIDENTIAL RENTAL UNITS AND 47,358 SQUARE FEET OF NON-PROFIT OFFICE AND PROGRAM SPACE LOCATED AT 292-306 DR. MARTIN LUTHER KING JR. BOULEVARD, NEWARK, NEW JERSEY 07102 AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 42, LOT 44.01. (CENTRAL WARD) Deferred 6PSF-d 111819 PUBLIC HEARING TO BE HELD ON NOVEMBER 26, 2019