AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO MONROE LAFAYETTE URBAN RENEWAL CO., LLC, 574 FERRY STREET, NEWARK, NEW JERSEY, THE OWNER OF A PROJECT CONSISTING OF THE CONVERSION OF A VACANT FOUR (4) STORY BUILDING INTO A FIVE (5) STORY MARKET RATE HOUSING APARTMENT BUILDING WITH FIFTY-TWO (52) UNITS LOCATED ON PROPERTY KNOWN AS 274-280 LAFAYETTE STREET AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY AS BLOCK 1977, LOT 1. EAST WARD Deferred 6PSF-h 102115 Deferred 6PSF-b 110515