The following definitions shall apply unless the context clearly indicates or requires a different meaning.
“AGREEMENT.” Any mutually agreed contract or commitment made pursuant to the requirements of this chapter between the city and any individual, company, person or entity with respect to an economic development project involving a vacant, dilapidated, substantially unoccupied or underutilized building.
“APPLICANT.” Any property owner(s) who rehabilitate, and/or make personal property investment for commercial use and create new jobs in vacant buildings and have an acceptable development plan that has been approved by all city entities, officers, staff and subdivisions with jurisdiction.
“ELIGIBLE PROPERTY.” Any commercial property that is vacant, dilapidated, substantially unoccupied or underutilized and that otherwise meets the requirements and conditions of this chapter.
(Ord. 2011-02-03, passed 3-3-11)