For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
COST. The sum total of all reasonable or necessary costs incidental to a project, including, but not limited to, and without limitation, the following: real property; studies and surveys; plans and specifications; architectural and engineering services; underwriting fees; legal, accounting, marketing and other special services relating to a project or incurred in connection with the issuance and sale of bonds, necessary application and other fees to federal, state and local governmental agencies for any requisite approvals for construction, for assisted financing or otherwise; and all other necessary and incidental expenses, including trustee and rating agency fees and 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; and premiums with respect to insurance with respect to bonds; and such other expenses as the village shall deem appropriate.
PROJECT or PROJECT PROPOSAL. Any:
(1) Capital project, including one or more buildings and other structures, improvements, machinery and equipment whether or not on the same site or sites now existing or hereafter acquired, suitable for use by any manufacturing, industrial, research or commercial enterprise, including, but not limited to, use as a factory, mill, processing plant, assembly plant, packaging plant, fabricating plant, office building, industrial distribution center, warehouse, repair, overhaul or service facility, freight terminal, research facility, test facility, commercial facility and including also the sites thereof and other rights in land therefor whether improved or unimproved, site preparation and landscaping, and all appurtenances and facilities incidental thereto such as utilities, access roads, railroad sidings, truck docking and similar facilities, parking facilities, dockage, wharfage and other improvements necessary or convenient thereto; or
(2) Any land, buildings, machinery or equipment comprising an addition to, or renovation, rehabilitation or improvement of any existing capital project.
(Prior Code, § 8-102)