32 V.S.A. 3659 shall not apply to land, buildings, and other facilities of the City of Burlington used for the generation of electric energy. Such land, buildings, and facilities owned by the City of Burlington and situated outside of its territorial limits shall be taxed by the municipality in which it is located either in the manner provided for privately owned property, or pursuant to a contract entered into by the municipalities providing for any mutually agreeable methods and amounts of taxation.