AN ORDINANCE GRANTING A FIFTEEN (15) YEAR TAX ABATEMENT TO NEW SPRING URBAN RENEWAL PROPERTIES, LLC, 573 SPRING STREET, ELIZABETH, NEW JERSEY 07201, THE OWNER OF A PROJECT CONSISTING OF A SONIC DRIVE-IN RESTAURANT LOCATED ON PROPERTY KNOWN AS 189-237 SPRINGFIELD AVENUE AND IDENTIFIEDON THE OFFICIAL TAX MAP OF THE CITY AS BLOCK 2502, LOT 1 AND BLOCK 2515, LOT 23 (CENTRAL WARD).