The acquisition and construction of a project shall not be subject to any requirements relating to public buildings, structures, grounds, work or improvements imposed by the Illinois Revised Statutes or any other similar requirements which may be lawfully by this section, and any requirement of competitive bidding or restriction imposed on the procedure for award of contracts for the purpose of the lease, sale or other disposition of property of the city is not applicable to any action taken under authority of this subchapter.
(1980 Code, § 13.1412)