Public parking facilities within business improvement areas
6A council may enter into an agreement with a business improvement corporation to provide for the construction, operation and maintenance of public parking facilities on municipally owned land in the business improvement area; and where such agreement commits the business improvement corporation to make from the proceeds of the levy an annual contribution towards the initial cost of acquiring or developing such facilities, the council may by by-law impose a levy on non-residential property within the business improvement area in each year of the agreement in order to raise money payable to the municipality under the agreement, notwithstanding subsections 3(1) and 4(8) and notwithstanding that the business improvement corporation may have ceased to carry on operations for any reason or may no longer be in existence.