Notwithstanding the provisions of § 15(a)(5) of the Act to the contrary, a contract between the city and the sponsor with the authority as third party beneficiary under the contract, to provide tax exemption and accept payments in lieu of taxes, as previously described, is effectuated by enactment of this subchapter.
(Prior Code, § 13-92) (Ord. 86-2A1, passed 6-19-1986)