AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 540 BROAD STREET OWNERS, LLC, 1865 PALMER AVENUE, SUITE 203, LARCHMONT, NEW YORK 10538, FOR A PROJECT TO RENOVATE AND REHABILITATE AN EXISTING, UNDERUTILIZED OFFICE BUILDING INTO APPROXIMATELY 208 MARKET RATE RESIDENTIAL APARTMENT UNITS, (II) 52 LOW INCOME APARTMENT UNITS RENTED TO PERSONS EARNING LESS THAN FIFTY PERCENT (50%) OF THE AREA MEDIAN, AND (III) APPROXIMATELY 60,000 GROSS SQUARE FEET OF OFFICE/NON-RESIDENTIAL SPACE AND 17,000 SQUARE FEET OF RETAIL SPACE, AND ALL RELATED IMPROVEMENTS LOCATED ON REAL PROPERTY COMMONLY KNOWN AS 538-546 BROAD STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY'S TAX MAP AS BLOCK 24, LOT 29 (CENTRAL WARD). Deferred 6PSF-b 051717 PUBLIC HEARING WILL BE HELD ON MAY 23, 2017, SPECIAL MEETING