AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO 100 POLK STREET URBAN RENEWAL, LLC, C/O GROVE PROPERTY HOLDINGS, LLC, 124 POLK STREET, BOX S-2, NEWARK, NEW JERSEY 07105, FOR A PROJECT TO DEMOLISH A VACANT INDUSTRIAL GARAGE AND CONSTRUCT A NEW BUILDING WITH FORTY-TWO (42) MARKET RATE RESIDENTIAL RENTAL UNITS AND ASSOICIATED PARKING LOCATED AT 94-106 POLK STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 1993, LOT 42, EAST WARD.