AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 40 AUSTIN STREET 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-THREE (43) MARKET RATE RESIDENTIAL RENTAL UNITS AND THIRTY-EIGHT (38) GROUND FLOOR PARKING SPACES LOCATED AT 40-46 AUSTIN STREET, NEWARK, NEW JERSEY AND IDENTIFIED ON THE CITY’S TAX MAP AS BLOCK 902, LOT 15 (EAST WARD).