The recitals to this section are incorporated herein as if set forth in this section in their entirety and are hereby found and determined to be true and correct. For purposes of this chapter, the following definitions shall apply:
CITY. The City of Elizabethtown, Kentucky.
EPAD PETITION. A petition of an owner to participate in the EPAD Program as provided in § 53.05.
EPAD PROGRAM. The EPAD Program established by the City Council by this chapter.
OWNER. The owner or proposed owner of an interest in a real property in the EPAD.
PROGRAM ASSESSMENT. An assessment for payments to be imposed upon the real property located in an EPAD that is being improved by an energy project.
PROJECT FINANCING AGREEMENT. A contractual agreement between the owner, the Program Administrator, if other than the Mayor or other city official, the city and an approved finance lender that provides for the financing of an energy project with all or a portion of the costs being repaid by a program assessment.