Dept/ Agency: Economic & Housing Development Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Application for Long-Term Tax Abatement Purpose: Construction of a residential rental project consisting of a four (4) story building with seventy-five (75) residential rental units on property located at 46-60 Nevada Street, Newark, New Jersey 07102 Entity Name: Downtown Partners Urban Renewal Associates II, LP Entity Address: 77 Park Street, Montclair, New Jersey 07042 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) 46-60 Nevada Street/Block 111/ Lot 70.01/Central Ward Additional Information: