For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
CERTIFICATE OF APPROVAL. A certificate issued by the Chief Inspector, or his or her designee, of the Department of Economic Development of the city, attesting to the fact that a new or rehabilitated facility for which an enterprise zone certificate is in effect is in compliance with the construction and safety codes of the city.
NEIGHBORHOOD ENTERPRISE ZONE. Any zone designated by the city by resolution as a neighborhood enterprise zone pursuant to the requirements of the Michigan Neighborhood Enterprise Zone Act.
NEIGHBORHOOD ENTERPRISE ZONE ACT. Public Act 147 of 1992, as amended, being M.C.L. §§ 207.771 et seq.
NEIGHBORHOOD ENTERPRISE ZONE CERTIFICATE. A certificate as defined and issued pursuant to the Neighborhood Enterprise Zone Act.
NEW FACILITY. A new structure that has as its primary purpose residential housing consisting of one or two units, one of which is or will be occupied by an owner as his or her principal residence. NEW FACILITY includes a new individual condominium unit, in a structure with one or more condominium units, that has as its primary purpose residential housing and that is or will be occupied by an owner as his or her principal residence. NEW FACILITY does not include apartments.
OWNER. The record titleholder of, or the vendee of the original land contract pertaining to, a new facility or a rehabilitated facility for which a neighborhood enterprise zone certificate is applied for or issued.
REHABILITATED FACILITY. An existing structure with a current true cash value of $80,000 or less per unit, that has or will have as its primary purpose residential housing consisting of one to eight units, the owner of which proposes improvements that, if done by a licensed contractor, would cost in excess of $5,000 per owner occupied unit or 50% of the true cash value, whichever is less; or in excess of $7,500 per non-owner occupied unit or 50% of the true cash value, whichever is less, or the owner proposes improvements that would be done by the owner and not a licensed contractor and the cost of the materials would be in excess of $3,000 per owner occupied unit, or $4,500 per non-owner occupied unit and will bring the structure into conformity with minimum Saginaw Housing Code standards for occupancy or improve the livability of the units while meeting minimum Saginaw Housing Code standards. REHABILITATED FACILITY also includes an individual condominium unit, in a structure with one or more condominium units that has as its primary purpose residential housing, the owner of which proposes the above-described improvements. REHABILITATED FACILITY does not include a facility rehabilitated with the proceeds of an insurance policy for property or casualty loss.
(Prior Code, § 33.41) (Ord. O-76, passed 2-9-2009, effective 2-19-2009)