Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: Rescind Resolution 7R3-P 090612 granting a long term tax abatement to High Street Heights, LLC Entity Name: High Street Heights, LLC Entity Address: 580 Dr. Martin Luther King, Jr. Boulevard, Newark, New Jersey 07103 Abatement Period: 30 years Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( X ) n/a List of Property: (Address/Block/Lot/Ward) 577-579, 581-583 Dr. Martin Luther King, Jr. Boulevard/Block 2507/Lots 19, 55, 56, and 62/ Central Ward Additional Information: Original tax abatement granted by Resolution 7R3-P adopted on September 6, 2012 High Street Heights, LLC and Alpha Drive, LLC will submit separate Tax Abatement Applications for their portion on the project.