Unless otherwise indicated in this section, terms in this chapter shall have the following meanings:
COMMERCIAL PROJECTS: Commercial projects which are eligible for the incentives or enhancement established in section 16C-2 of this chapter do not include retail projects.
COMPLIANCE PERIOD: The time period specified in the agreement between the recipient and the city during which the recipient shall comply with section 16C-4 of this chapter criteria on which it supported its eligibility for the incentives or enhancements in section 16C-2 of this chapter. The compliance period may be longer than the time period for payment of the incentives or enhancements to the recipient.
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. (Ord. 06-641 § 1, 10-9-2006)