Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Waiving 20 day period for an ordinance to take effect Purpose: Tax abatement for Lantana Urban Renewal, LP, 77 Park Street, Montclair, New Jersey 07042, needs to take immediate effect so that the applicant can meet the HFMA application deadline of May 2, 2017. Ordinance No(s).: 6PSF-b (s) April 25, 2017- This ordinance amends and restates a long term tax abatement to Lantana Urban Renewal, LP, 77 Park Street, Montclair, New Jersey 07042, under the Long Term Tax Exemption Law, N.J.S.A. 40A:20-1 et seq. for a thirty (30) year term for a project to construct eighty (80) affordable housing units located on real property commonly known as 109-119 Broad Street and 130-132 North 11th Street and identified on the City’s tax map as Block 1, 3, 4, 5, 51, 54, 59 and 60 and Block 1926, Lot 1.02 (Central Ward) Additional Information: