For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
BOARD. The board of directors of a land reuse agency also known herein as the City of Nitro Land Reuse Authority.
DECONSTRUCT. To attempt to remove salvageable pieces of a housing unit prior to or as part of demolition or renovation.
FINANCIAL INSTITUTION. A bank, savings association, operating subsidiary of a bank or savings association, credit union, association licensed to originate mortgage loans or an assignee of a mortgage or note originated by such an institution.
LAND REUSE AGENCY or LAND REUSE AUTHORITY or AUTHORITY. The City of Nitro Land Reuse Authority.
MUNICIPALITY. The City of Nitro.
REAL PROPERTY. All lands, including improvements and fixtures on them and property of any nature appurtenant to them or used in connection with them and every estate, interest and right, legal or equitable, in them, including terms of years and liens by way of judgment, mortgage or otherwise, and indebtedness secured by the liens.
(Ord. passed 5-7-2019)