Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Waiving 20 day period for an ordinance to take effect Purpose: Tax abatement needs to take effect immediately so that there is no delay in providing housing for NJIT students as of the beginning of the 2013-2104 school year Ordinance No(s).: 6PSFf(S) 082113 Additional Information: Tax Abatement for NJIT Warren Lot 7 Urban Renewal LLC, 15 Greek Way, Newark, New Jersey.