§ 51.35 FINDINGS AND DETERMINATIONS; DEFINITIONS.

   (A)   The recitals to this subchapter are incorporated herein as if set forth in this section in their entirety and are hereby found and determined to be true and correct.

   (B)   For the purpose of this subchapter, capitalized words not otherwise defined herein shall have the meanings given them in the Act, and the following definitions shall apply.

      COUNTY. The County of Kenton, Kentucky.

      EPAD. The entire jurisdictional boundaries of the county.

      EPAD PETITION. A petition of an owner to participate in the EPAD Program as provided in § 51.39.

      EPAD PROGRAM. The EPAD program established by the Kenton County Fiscal Court by this subchapter.

      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, the county and an approved finance lender that provides for the financing of an energy project with the costs being repaid by a program assessment.

(Ord. 950.89, passed 7-14-20)