AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO NC COMMONS 2016 URBAN RENEWAL, LLC, 233 WEST MARKET STREET, NEWARK, NEW JERSEY 07103, FOR A PROJECT TO SUBSTANTIALLY RENOVATE AN EXISTING THREE HUNDRED SEVENTY TWO (372) LOW INCOME SENIOR AND FAMILY HOUSING UNITS LOCATED ON REAL PROPERTY COMMONLY KNOWN AS 132-148 SOUTH ORANGE AVENUE, 23-55 14TH AVENUE , 40-56 14TH AVENUE AND 228-260 HUNTERDON STREET AND IDENTIFIED ON THE CITY’S TAX MAPS AS BLOCK 239.01, LOT 80; BLOCK 241, LOT 57; BLOCK 247, LOT 50 AND BLOCK 246, LOT 44. (CENTRAL WARD)