As used in this chapter the following words and phrases shall have the meanings set forth below:
(a) "Act" - Act 113 of 1990 enacted by the General Assembly of the Commonwealth of Pennsylvania.
(b) "Authority" - The Redevelopment Authority of the City of Johnstown or any lawful successor body thereto.
(c) "City" - City of Johnstown.
(d) "County" - Cambria County.
(e) "Finance Officer" - The legally authorized agent of a municipality or school district responsible by law for receipt and disbursement of the revenues of the municipality or school district.
(f) "Kernville District" or "District" - The tax increment district created pursuant to this chapter in accordance with the provisions of Act 113 of 1990.
(g) "Project" or "Kernville Project" - The undertakings and activities of the Authority in the Kernville District for the elimination and prevention of blight in accordance with the Project Plan.
(h) "Project Costs" - Such costs include any and all eligible project costs undertaken within or for the benefit of the Kernville District in accordance with the express language defining project costs as contained in the Act.
(i) "Project Plan" - The Kernville Redevelopment Area, TIF Proposal #1, prepared by the Redevelopment Authority of the City of Johnstown and any duly authorized amendments thereto.
(j) "School District" - The Greater Johnstown School District.
(k) "Tax Increment" or "Tax Increment Revenues" - Tax increment or tax increment revenues shall be deemed to include all revenues applicable to the Kernville District as more fully defined in the definition of tax Increment contained in the Act.
(l) "Tax Increment Fund" - The fund maintained by the Authority into which are paid all tax increments and into which are deposited all other revenues related to the Kernville District and the Project and from which money is disbursed to pay project costs related to the District.
(Ord. 4581. Passed 6-12-91.)