For the purpose of this chapter, the following definition shall apply unless the context clearly indicates or requires a different meaning.
SUBSTANTIAL PROPERTY INTEREST. Any right in real property that may be affected in a substantial way by actions authorized by this chapter, including a fee interest, a life estate interest, a future interest, a present possessory interest, or an equitable interest of a contract purchaser. The interest reflected by a deed, lease, license, mortgage, land sale contract, lien, or evidence of it is:
(1) Recorded in the office of the County Recorder; or
(2) The subject of a written information that is received by the Town Clerk-Treasurer and includes the name and address of the holder of the interest described.
(Ord. 2022-03, passed 4-27-22)