The following definitions shall apply throughout this subchapter.
"COMMERCIAL FACILITY." Any structure the primary purpose and use of which is the operation of a commercial business enterprise and which is 25 years old or older.
"EXISTING RESIDENTIAL BUILDING." A residential building which has been in existence for at least 25 years and use of which is to provide independent living facilities for one or more persons.
"REHABILITATION." The process of returning an existing structure to a state of utility through repair or alteration which make possible an efficient contemporary use.
"REPAIR." The reconstruction or renewal of any part of an existing structure for the purpose of maintenance.
"RESTORATION." The process of accurately recovering the form and details of a structure and its setting as it appeared at a particular period of time by removal of later work or by the replacement of missing earlier work.
"STABILIZATION." The process of applying measures designed to re-establish a weather resistant enclosure and the structural stability of an unsafe or deteriorated property while maintaining the essential form as it exists.
"ASSESSMENT OR REASSESSMENT MORATORIUM." The act of deferring the value of the improvements from the taxable assessment of qualifying units of real property for a period of five years.
(Ord. 551, passed 6-28-94)