3.29.020 Definitions.
Whenever used in this chapter unless a different meaning clearly appears from the context:
A. “Bonds” means revenue bonds issued as herein provided.
B. “Charter” means the Charter of the city as from time to time amended and supplemented.
C. “City” means the city of Palmer, Alaska.
D. “Construction” of or with respect to a project means and includes the acquisition, purchase, construction, reconstruction, improvement, equipping, betterment, extension, addition, repair, alteration, rehabilitation, renovation or enlargement of the project.
E. “Impact aid payment” or “administrative fee” means the impact aid payment or administrative fee pursuant to PMC 3.29.160.
F. “Person” means any individual, partnership, copartnership, firm, company, corporation (including a public utility), association, joint stock company, trust estate, political subdivision, state agency, or any other legal entity, or its legal representative, agent or assigns.
G. “Project” means any land, building, structure, facility, system, fixture, improvement, addition, appurtenance, machinery and equipment, and any real and personal property deemed necessary in connection therewith, including, but not limited to, machinery and equipment whether or not now in existence or under construction which shall be suitable for any of the following:
1. Any enterprise for the manufacturing, processing or assembling of any agricultural, manufactured or natural resource product;
2. Any commercial enterprise for the storage, warehousing, distributing, selling or providing of products or services and including research and development therefor;
3. Any health care institution;
4. Sport facilities;
5. Convention or trade show facilities;
6. Airports, parking facilities, or storage or training facilities directly related thereto;
7. Sewage or solid waste disposal facilities or facilities for the furnishing of electric energy, gas or water;
8. Industrial park facilities;
9. Air or water pollution control facilities.
H. “Project costs” means and includes the sum total of all reasonable or necessary costs incidental to the construction of a project and the issuance of bonds to finance the project in whole or in part, including, without limiting the generality of the foregoing, the following, which may be payable by or to the city or any other person:
1. Obligations incurred or assumed by the city or any other person for labor, materials, and equipment in connection with the construction for the project;
2. The cost of performance, labor and material bonds and insurance of all kinds that may be required or necessary during the course of construction of the project;
3. All costs of architectural and engineering services, including the costs incurred or assumed by the city or any other person for preliminary design and development work, test borings, surveys, estimates and plans and specifications, and for supervising construction, as well as for the performance of all other duties required by or consequent upon the proper construction of the project;
4. All costs required to be paid by the city or any other person under the terms of any contract or contracts for the construction or financing of the project;
5. Payment of the initial or acceptance fees of any trustees; the costs of any title search, insurance or opinions; any fees and expenses for recording and filing all documents and instruments in connection with the project and the construction and the financing thereof, and overhead and administrative expenses properly chargeable to capital or similar accounts in connection with the project;
6. Payment of the legal, underwriting, financial advisory, rating service and accounting fees and expenses and printing and engraving costs incurred in connection with the authorization, sale and issuance of bonds issued to finance the project in whole or in part and the preparation of all documents in connection with the project and the construction thereof and the issuance of the bonds;
7. An initial bond and interest reserve;
8. Interest to accrue on all bonds issued to finance the project in whole or in part to a date six months subsequent to the estimated date of completion of the project; and
9. The impact aid payment or administrative fee.
I. “Revenues and receipts” of a project or derived from a project includes payments under a lease, sublease, agreement of sale or loan agreement and under notes, debentures, bonds and other secured or unsecured debt obligations of any person executed and delivered to the city or its designee or assignee (including a trustee) pursuant to such lease, sublease, agreement of sale or loan agreement, but excluding the impact aid payment or administrative fee. (Ord. 337 § 3, 1986)