7-84-503 - Part definitions.
7-84-503. Part definitions.
As used in this part, unless the context otherwise requires:
(1) Assessed value means value as assessed for municipal property tax purposes;
(2) District or central business improvement district means the central business improvement district created by the establishment ordinance of the municipality;
(3) District management corporation means the board or organization created or appointed pursuant to § 7-84-519;
(4) Establishment ordinance means the ordinance of the governing body adopted pursuant to § 7-84-515 establishing a district;
(5) Governing body means the council, commission, board or other body exercising general legislative power in the municipality;
(6) Initiating petition means the petition filed pursuant to § 7-84-511(1) requesting the establishment of a district pursuant to this part;
(7) Initiating resolution means the resolution adopted by the governing body pursuant to § 7-84-511(2) proposing to establish a district pursuant to this part;
(8) Municipality means any incorporated city, town or metropolitan government of this state exercising general governmental functions in the state; and
(9) Owner means record owner in fee, or a duly authorized representative.
[Acts 1990, ch. 808, § 4.]