The following words and phrases, when used in this chapter, for the purpose of this chapter, have the meaning ascribed to them in this section:
1. “Actual value” means actual value as that term is or may be defined by Code of Iowa Section 441.21. It refers to actual value as most recently determined according to law.
2. “Agreement” means the Amended and Substituted Intergovernmental Agreement Creating the Des Moines Metropolitan Area Solid Waste Agency dated December 18, 1969.
3. “Contract” means the Solid Waste Disposal Service Contract between the Agency and the City dated May 1, 1972.
4. “Contract payment” means the amounts paid or required to be paid from time to time by the City to the Agency pursuant to the contract.
5. “Disposal project” means a sanitary disposal project as that term is or may be defined by Code of Iowa Chapter 455B owned, operated or used by the Agency pursuant to the contract.
6. “Real estate” means real estate as that term is or may be defined by Code of Iowa, Section 4.1(13).