Terms used in section 1-26-2 are defined as follows:
EXPENSES: Includes actual monetary payments, in kind assistance, the value of employee time, the value of land exchanges, direct or indirect payments to third parties and any other considerations which promotes or enhances the development of a major sport stadium facility project in any way.
MAJOR SPORT STADIUM FACILITY PROJECT: Any sport stadium facility project reasonably expected to require public and/or private costs and/or expenses totaling not less than five million dollars ($5,000,000).
PLAN AND DESIGN: A proposal that includes any element of the cost, method of financing, location, design and size of a proposed new major sport stadium facility project. (Ord. 59-19, 12-10-2019)