(A) Notwithstanding § 35.48, the service charge to be paid each year in lieu of taxes for the part of the housing project that is tax exempt but which is occupied by other than low income persons or families shall be equal to the full amount of the taxes which would be paid on that portion of the housing project if the housing project were not tax exempt.
(B) The term “low income persons or families” as used herein shall be the same meaning as found in § 15(a)(7) of the Act.
(Ord. 204, passed 2-12-2018)