Notwithstanding the provisions of Section 15(a)(5) of the act, to the contrary, a contract between the City and the Sponsor with the Authority or HUD, as third party beneficiary thereunder, to provide tax exemption and accept payments in lieu thereof as previously described is in effect by enactment of this ordinance.
(Ord. 2621, passed 1-23-1978; Ord. 3810, passed 11-28-2011)