§ 122-936. Definitions.

The following words, terms and phrases, when used in this article, shall have the meanings ascribed to them in this section, except where the context clearly indicates a different meaning:

Assessable improvements means that portion or portions of improvements of a local nature and of benefit to the premises or lands served thereby.

Assessment bonds means bonds or other obligations secured by and payable from special assessments levied against benefited lands.

Cost, as applied to the acquisition and construction of any improvements authorized by the board, includes the cost of construction or reconstruction, acquisition or purchase, the cost of all labor, materials, machinery and equipment, cost of all lands and interest therein, property, rights, easements and franchises of any nature whatsoever, financing charges, interest prior to and during construction and for not more than two years after completion of the construction or acquisition of such improvements, and creation of initial reserve or debt service funds, bond discount, cost of plans and specifications, cost of construction plans, surveys and estimates of costs and revenues, cost of engineering, financial and legal services, and all other expenses necessary or incidental in determining the feasibility or practicability of such construction, reconstruction or acquisition, administrative expenses and such other expenses as may be necessary or incidental to financing authorized by this division; and including reimbursement of the county or any other person for any moneys advanced to the unit for any expenses incurred by the unit or county in connection with any of the foregoing items of cost, or the creation of the unit.

Plans and specifications means preliminary drawings and specifications which shall show the location, size and nature of the improvements. A description of the kind and quantities of major material items shall be shown.

Unit means the Pine Ridge Industrial Park Municipal Service Taxing and Benefit Unit created by this article.

(Ord. No. 85-32, § 1)

Cross reference

Definitions generally, § 1-2.