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The City of Wood Village does further ordain that Ordinance 1-1975 of this city, which is an ordinance relating to the imposition of business licenses for revenue; providing for the procedures, issuance, administration and collection thereof and related matters as adopted by the city on February 12, 1975, be and it is amended to provide that to the extent said ordinance is in conflict with the intent and understanding of the revenue sharing program between Multnomah County and this City, as set forth in Exhibit “A,” attached to the ordinance codified in this chapter and on file in the City Recorder's office, and accepted by this ordinance; that said Ordinance 1-1975 shall be non-operative and the provisions thereof shall not be in force or effect or administered so long as the revenue sharing agreement or understanding between Multnomah County and this City, as hereinabove set forth, or similar and successive or amendatory agreement shall be in effect. (Ord. 5-1977 § 5, 1977.)