AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 650 SPRINGFIELD AVE URBAN RENEWAL, LLC, 61 DEANS LANE, MONMOUTH, NEW JERSEY 08852, FOR A PROJECT TO ACQUIRE AND RENOVATE A FOUR (4) STORY BUILDING INTO FIFTY-NINE (59) AFFORDABLE HOUSING RENTAL UNITS LOCATED AT 650-656 SPRINGFIELD AVENUE, 708 SOUTH 17TH STREET AND 724-726 SOUTH 17TH STREET AND 47-55 19TH AVENUE AND IDENTIFIED ON THE CITY’S TAX MAPS AS BLOCK 364, LOTS 1, 2, 21, 22, 24, 26, 27, 28 AND 29. (SOUTH WARD)