Notwithstanding the provisions of Public Act 346 of 1966, being M.C.L.A. §§ 125.1415a(5) of the Act to the contrary, a contract between the village and the sponsor with the Authority as third party beneficiary thereunder, to provide tax exemption and accept payments in lieu thereof as previously described is effected by enactment of this subchapter.
(Ord. 144, passed 9-12-2006)