Notwithstanding the provisions of Section 15a(5) of the Act, as amended, being M.C.L.A. § 1415a(5), to the contrary, a contract between the city and sponsor with the authority as a third party beneficiary thereunder to provide tax exemption and accept payments in lieu thereof as previously described is effected by enactment of Ordinance 327.
(1990 Code, § 1.238)