AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 69 SHERMAN AVENUE URBAN RENEWAL CO., LLC, 27 AUSTIN STREET, NEWARK, NEW JERSEY 07114, FOR A PROJECT TO CONSTRUCT A NEW FIVE (5) STORY BUILDING WITH A TOTAL OF FORTY-FOUR (44) AFFORDABLE HOUSING RENTAL UNITS WHICH SHALL BE RESTRICTED TO TENANTS AT 60% OF AREA MEDIAN INCOME (“AMI”) AND 44 GROUND FLOOR PARKING SPACES, LOCATED AT 69-81 SHERMAN AVENUE, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 2803, LOT 20.01 (SOUTH WARD).