For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
COMPLIANCE PERIOD. The time period specified in the agreement between the owner/developer and the City during which the owner/developer shall comply with § 35.17 criteria on which it supported its eligibility for the incentives or enhancements in § 35.16. The COMPLIANCE PERIOD may be longer than the time period for payment of the incentives or enhancements to the owner/developer.
EXPANSION OF AN EXISTING INDUSTRIAL OR COMMERCIAL PROJECT. An increase in the land, buildings, equipment, or machinery of an enterprise which is the same in function as the existing land use or enterprise in the location being considered for incentives or enhancements.
NEW INDUSTRIAL OR COMMERCIAL PROJECT. An enterprise which is different in function from the land use or enterprise in the location being considered for incentives or enhancements.
RETAIL. A commercial enterprise which sells tangible goods to a buyer who is the end user or consumer.
(Prior Code, § 23-1)