Altering the administration and membership of the West North Avenue Development Authority; specifying the powers and duties of the Authority; requiring the Authority to take certain actions regarding the finances of the Authority; exempting the Authority from certain taxation or assessments under certain circumstances; establishing the West North Avenue Development Authority Fund as a special, nonlapsing fund; and altering the termination date of the Authority from September 30, 2026 to September 30, 2029.