Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: To construct a five (5) story mixed use building which will provide approximately ten thousand (10,000) square feet of ground floor commercial retail space and eighty-nine (89) housing units, eighty-eight (88) of which shall be affordable housing units Entity Name: New Horizons Phase I Urban Renewal Associates, LP Entity Address: c/o Michaels Development Company, 3 East Stow Road, Suite 100, P.O. Box 994, Marlton, New Jersey 08053 Abatement Period: Thirty (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) 200-280 Irvine Turner Boulevard/ Block 2580,/Lot 2/ Central Ward Additional Information: