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(a) In the event-.- such net. income.. of Developer, its successors or assigns, is not more than._the.maximum. .aLlowed_by. law., ..or in the event such net income du.ring.. the year_is .mor.e<.than ..the. _maximum allowed- by law, and the accumu- lation of surplus net earning.. is..be.ing... .handled as provided by law, then the Director of... Finance. shall..certify..on or. before April 1., of each year following the year for which the statement was required to be submitted under Section 8, that Developer, its successors or assigns,.- is _ eligible for the tax exemption provisions .contained .in the "Urban Redevelopment. Corporation Law" and found in Section 353.110 Revised Statutes of.Mi.ssouri, 1978, as amended. (b) In the event .. the net income of Developer, its successors or assigns, .is..more.__. than. the._maximum allowed by law, and the surplus is not being '£ handled as provided by law, then the . Director. of Finance shall certify on or before April 1, of the year. .following the year for which the statement was required to. be submitted_under.Se.ction.... 8,_ tha.t such corporation is not eligible under the . tax_ exemption_.provisions.... contained. in Section 353.110 of the "Urban Redevelopment Corporation Law" . Section 10. In the._. even.t that _the.- certification continues the tax exemption....atatus._with..regard_ to. the aforedescribed real property of Developer, its successors or .ass.i.gns,.__under ..Section- 3.53,110, the Assessor of St. Louis County shall _be so. no.tifi:ed.- Section 11. In the event that certification states that tax exemption status cannot be continued with regard to the aforedescribed real property of the Developer, its successors or assigns, then the.Assessor of St. Louis County shall. be notified for purposes of assessing .the property of Developer, its successors or assigns, at its true.. value as provided by law, Section 12. It i.s. . in.tended .and . _ hereby expressly granted that the partial tax relief and tax exemption. provisions contained in Section 353.110, R.S. Mo. 1978, . as amended, and authorized by this ordinance are not only applicable to the Developer .during the. ten (10) year period after the date upon which the Developer. acquires. ..the. aforementio.ned real property, but also are applicable to the... succes.sor.s. and/or. - assigns of Developer, provided such successors and/or assigns- of-the aforementioned . real property shall continue to use, operate and maintain -. the aforementioned real property, in accordance with the provisions of the Development Plan, incorporated herein. 9