Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: Corrective Resolution to Rescind Resolution 7RCS 120496 and Ordinance 6S & FC 030205 Entity Name: 609 Broad Street LLC Entity Address: Abatement Period: Corrective Resolution to rescind prior abatements and retain 30 year abatement granted by Resolution 7R3- C (S) ,October 4, 2013, to 609 Broad Street, LLC. Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a List of Property: (Address/Block/Lot/Ward) 609-633 Broad Street Street/Block 18/ Lot 39/ Central Ward Additional Information: Resolution #7RCS 120496; granted original tax abatement to Hahnes Newark Urban Renewal, LLC Ordinance 6S & FC 030205; granted tax abatement to HG Jetson Urban Renewal Investors, LLC