It is determined that the class of housing developments to which the tax exemption may apply and for which a service charge shall be paid in lieu of such taxes shall be elderly housing developments which are financed or assisted by the Authority or which are federally-aided and multiple or single family dwellings for persons of low income located in the City of Big Rapids which are financed or assisted by the Authority or which are federally-aided, and which are found to be qualified housing developments by the City Commission.
(Ord. 490-02-02, passed 2-18-02; Am. Ord. 566-05-06, passed 5-15-06)