§ 50.550  DEFINITIONS.
   For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
   BOND CONTRACTUAL ARRANGEMENTS. Refers to any contracts or undertakings of the village in connection with any bond ordinance or bond issue of the village.
   DEVELOPER. Refers to persons, firms or corporations which own the land in a New Residential Subdivision at the time of its final platting.
   ELECTRIC SYSTEM BOND ORDINANCE. Refers to "An Ordinance Authorizing and Providing for the Issuing of $ 1,100,000 Electric System Revenue Bonds for the Village of Chatham, Sangamon County, Illinois, for the Purpose of Defraying the Cost of Purchasing an existing Electric Substation Site from Central Illinois Light Company and for the Improvement of that Substation Facility in the Village of Chatham, Illinois", Ordinance No. 86-9.
   NEW RESIDENTIAL SUBDIVISION. Refers to a subdivision, at least 80% of the land of which is zoned residential, the final plat for which is accepted by the village on or after August 1, 1990.
   VILLAGE. Refers to the Village of Chatham, Illinois.
(Ord. 95-16, passed 3-28-95; Am. Ord. 16-15, passed 4-26-16)