Every ordinance adopted by the City Commission pursuant to this chapter shall contain the following:
(a) A finding and declaration that the development plan is in the public interest and approving the same;
(b) A provision that the maximum exemption period shall begin to run on the date the development is completed for each stage, in accordance with the redevelopment plan;
(c) A provision that during the maximum exemption period, so long as the redevelopment corporation develops and operates the development in accordance with the development plan, this chapter, the ordinance and the urban redevelopment corporation law, the assessed value of the real property held by it in the area will be the maximum assessed value determined by the City Assessor under Section 1466.04(d);
(d) A provision determining the necessity for the City to exercise its powers of condemnation and providing for the exercise thereof and directing its acquisition and sale or lease to the redevelopment corporation, if such provision is contained in the approved development plan;
(e) A provision that the redevelopment corporation and its successors and assigns will, at all times, make all facilities in the development area available to the general public without regard to race, religion, color or national origin;
(f) A provision for the amendment of this chapter with the consent of the City Commission upon application by the redevelopment corporation and good cause shown; and
(g) A provision that the ordinance shall take effect immediately upon its publication in accordance with Act 191 of the Public Acts of 1939, as amended.
(1975 Code Sec. 5.155)