Notwithstanding Section 4-28, the service charge to be paid each year in lieu of taxes for the part of the Housing Development that is tax exempt and which is occupied at any time during each year by other than low income families or persons shall be equal to the full amount of the annual property taxes, based on the total property tax millage rate of all taxing jurisdictions in effect at the time such occupancy occurs, which would have been paid on that portion of the Housing Development if the Housing Development were not tax exempt. The benefits of any tax exemption granted under this Article shall be allocated by the owner of the Housing Development exclusively to low income families in the form of reduced housing charges. The term "low income families" as used herein shall be the same meaning found in Section 15(a)(7) of the Act. (Ord. O-07-06, 11-19-07)