AN ORDINANCE GRANTING A TWENTY-FIVE (25) YEAR TAX ABATEMENT TO B9 HYATT AVE OWNER URBAN RENEWAL, LLC, 602 W. OFFICE CENTER DRIVE, SUITE 200, FT. WASHINGTON, PENNSYLVANIA 19034, FOR A PROJECT INVOLVING THE CONSTRUCTION OF AN APPROXIMATELY 354,400 SQUARE FOOT INDUSTRIAL WAREHOUSE/DISTRIBUTION BUILDING, INCLUSIVE OF 4,000 SQUARE FEET OF OFFICE SPACE, 53 LOADING DOCK SPACES, 166 TRAILER STORAGE SPACES AND 268 OFF-STREET PARKING SPACES LOCATED AT 105-135 HYATT AVENUE, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 5020, LOT 69.03 (FORMERLY LOTS 69.03, 69.04, 69.05, AND 69.06). (EAST WARD)