Notwithstanding § 64-15, the service charge to be paid each year in lieu of taxes for any part of the housing development which is tax exempt and occupied by other than low income persons shall be equal to the full amount of the taxes which would be due and payable on that portion of the housing development project if the project were not tax exempt.
(Ord. 2017-01, passed 2-27-2017; Ord. 2020-09, passed 12-14-2020)