(A) The tax exemption established in Section 15a(1) of Act No. 346 of the Public Acts of Michigan of 1966 as amended (MCL 125.1401 et seq.) shall not apply to any class of housing projects, including but not limited to any limited dividend housing corporation, limited dividend housing association, and rehabilitation housing project which are defined by the above act, which are located within the municipal boundaries of the city.
(B) The foregoing section shall not apply to any housing projects for which an exemption has been previously granted pursuant to any previously enacted resolutions for senior citizen housing, physically handicapped housing, and non-profit public housing authority as created by MCL 125.1401 et seq.
(‘68 Code, § 2-201) (Ord. 327, passed - - ; Am. Ord. 480, passed 11-18-74; Am. Ord. 742, passed 12-19-94)