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"ECONOMIC DEVELOPMENT PROJECT." Any land, interest in land, building, structure, facility, system, fixture, improvement, addition, appurtenance, machinery or equipment or any combination thereof, and all real and personal property deemed necessary in connection therewith, for use by any person, provided the existence of such economic development project will create or retain employment opportunities in the municipality.
"PERSON." Any individual, partnership, copartnership, firm, company, corporation (including public utilities), association, joint stock company, trust, estate, political subdivision, state agency, or any other legal entity, or its legal representative, agent or assigns.
"POLLUTION." Any form of environmental pollution including, but not limited to, water pollution, air pollution, land pollution, solid waste pollution, thermal pollution, radiation contamination, or noise pollution as determined by the various standards prescribed by this state, the federal government or other governmental entities and including, but not limited to, anything which is considered as pollution or environmental damage in the Environmental Protection Act, compiled as ILCS Ch. 415, Act 5, §§ 1 through 51, and any amendment thereto and substitution therefor.
"POLLUTION CONTROL FACILITY." Any land, interest in land, building, structure, facility, system, fixture, improvement, appurtenance, addition, machinery or equipment, or any combination thereof, and all real and personal property deemed necessary therewith, having to do with or the end purpose of which is, reducing, controlling or preventing pollution.
"PROJECT." Any economic development project or pollution control facility or any combination thereof.
"PROJECT COSTS." The sum total of all reasonable or necessary costs incidental to the acquisition, construction; reconstruction, repair, alteration, improvement and extension of a project including without limitation the cost of studies and surveys; plans, specifications, architectural and engineering services; legal, marketing or other special services; financing, acquisition, demolition, construction, equipment and site development of new and rehabilitated buildings; rehabilitation, reconstruction, repair or remodeling of existing buildings and all other necessary and incidental expenses including an initial bond and interest reserve together with interest on bonds issued to finance a project to a date six months subsequent to the estimated date of completion.
(Ord. 6067, passed 11-20-73)