For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
ECONOMIC DEVELOPMENT PROJECT. Any land, interest in land, building, structure, facility, system, fixture, improvement, addition, appurtenance, machinery or equipment, or any combination thereof, and all real and personal property deemed necessary in connection therewith, for use by any person, provided that the existence of the economic development project will create or retain employment opportunities in the municipality.
POLLUTION. Any form of environmental pollution, including, but not limited to, water pollution, air pollution, land pollution, solid waste pollution, thermal pollution, radiation contamination or noise pollution, as determined by the various standards prescribed by the state, the federal government or other governmental entities, and including, but not limited to, anything which is considered as pollution or environmental damage in the Environmental Protection Act, compiled as ILCS Ch. 415, Act 5, §§ 1 through 51, and any amendment thereto and substitution therefor.
POLLUTION CONTROL FACILITY. Any land, interest in land, building, structure, facility, system, fixture, improvement, appurtenance, addition, machinery or equipment, or any combination thereon and all real and personal property deemed necessary in connection therewith, having to do with or the end purpose of which is reducing, controlling or preventing pollution.
PROJECT. Any economic development project or pollution control facility or any combination thereof.
PROJECT COSTS. Includes the sum total of all reasonable or necessary costs incidental to the acquisition, construction, reconstruction repair, alteration, improvement and extension of a project, including, without limitation, the cost of studies and surveys; plans, specifications and architectural and engineering services; legal, marketing or other special services; financing, acquisition, demolition construction, equipment and site development of new and rehabilitated buildings; rehabilitation, reconstruction, repair or remodeling of existing buildings; and all other necessary and incidental expenses, including an initial bond and interest reserve, together with interest on bonds issued to finance a project to a date six months subsequent to the estimated date of completion.
(2000 Code, § 3.12.010) (Ord. 2418, (part), passed - -1999; Ord. 2417, (part), passed - -1999)