Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: To construct a residential rental housing/commercial retail project consisting of a five story mixed use building which will provide approximately eight thousand (8,000) square feet of ground floor retail space and eighty-seven (87) residential rental housing units Entity Name: Downtown Partners Urban Renewal Associates, LP Entity Address: 77 Park Street, Montclair, New Jersey 07042 Exemption 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) 999-1005 Broad Street/Block 111/Lot 70.02/Central Ward Failed 7R3-I (as) 052213 Additional Information: