AN ORDINANCE GRANTING A THIRTY (30) YEAR TAX ABATEMENT TO 297 CLINTON URBAN RENEWAL, LLC, 45 ACADEMY STREET, 5TH FLOOR, NEWARK, NEW JERSEY 07102, FOR A PROJECT TO CONSTRUCT A NEW FOUR-STORY MULTI-FAMILY SENIOR-CITIZEN AGE-RESTRICTED BUILDING CONSISTING OF (64) AFFORDABLE HOUSING RENTAL UNITS (THE “INCOME RESTRICTED UNITS”) RESTRICTED TO TENANTS AT 60% OF AREA MEDIAN INCOME (“AMI”), (1) SUPERINTENDENT UNIT AND (38) ON-SITE PARKING SPACES LOCATED AT 297-309 CLINTON AVENUE, NEWARK, NEW JERSEY 07108, AND IDENTIFIED ON THE OFFICIAL TAX MAP OF THE CITY OF NEWARK, AS BLOCK 2667, LOT 12 (SOUTH WARD).