AN ORDINANCE GRANTING A FIFTEEN (15) YEAR TAX ABATEMENT TO NEWARK 40 E. PARK URBAN RENEWAL, LLC, 128 MAIN AVENUE, PASSAIC, NEW JERSEY 07055, FOR A PROJECT TO RENOVATE A VACANT, ABANDONED BROWNSTOWN OFFICE BUILDING INTO FIFTEEN (15) MARKET RATE RESIDENTIAL RENTAL UNITS ON REAL PROPERTY KNOWN AS 40 EAST PARK STREET AND 36-38 AND 40 KITCHELL STREET, AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY AS BLOCK 126, LOTS 1, 2 AND 52 (CENTRAL WARD). Sponsor(s): Gonzalez/ James