Notwithstanding the provisions of § 15a(5) of the Act to the contrary (M.C.L.A. § 125.1215a(5)), 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.
(Ord. 110613-1, passed 6-13-11)