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Unless the context otherwise requires, the following definitions shall govern the construction of this chapter:

A. Administrative expenses means the reasonable and necessary direct expenses incurred by the city in the administration of the provisions of this chapter with respect to the financing of the rehabilitation of a particular historical property and the issuance of bonds in connection therewith, including without limitation, fees and expenses of paying agents, trustees, bond counsel and other professional consultants and costs of printing and advertising.

B. Bonds means any bonds, notes, interim certificates, debentures, or other obligations issued by the city pursuant to this chapter and which are payable exclusively from the revenues.

C. Costs with reference to the rehabilitation of historical property, means any or all of the following:

1. Obligations of the participating party incurred for labor and materials in connection with the rehabilitation of historical property;

2. The cost of acquisition of any property, whether real or personal, including franchise rights and other intangible property, and any interests therein, required for the rehabilitation of historical property;

3. The cost of demolishing, removing or relocating any building or structure, and the cost of making any relocation assistance payments required by law;

4. The costs of construction and reconstruction of any building or structure;

5. The cost of contract bonds and of insurance of all kinds that may be required or necessary during the course of the rehabilitation of historical property;

6. All costs of engineering, legal and consultant services, including the costs of the participating party for surveys, estimates, plans and specifications and preliminary investigation therefor, and for supervising construction, as well as for the performance of all other duties required by or consequent upon the rehabilitation of historical property;

7. All costs incurred in connection with proceedings by the participating party necessary to comply with the California Environmental Quality Act;

8. All amounts required to fund any reserve funds for bonds and any interest on bonds becoming due and payable during a period not exceeding the period of rehabilitation of the historical property and twelve months thereafter;

9. All administrative expenses;

10. All costs which the participating party shall be required to pay, under the terms of any contract or contracts, for the rehabilitation of the historical property;

11. The refinancing of any existing indebtedness secured by an interest in any real property comprising any portion of the historical property; and

12. Any sums required to reimburse the participating party for advances made for any of the above items or for any other costs incurred and for work done which are properly chargeable to the rehabilitation of the historical property.

D. Financing and its variants means the lending of money or any other thing of value, or the purchase of loans, for the purpose of paying any or all of the costs.

E. Historical property means any building or part thereof, structure, monument or other real property deemed of importance to the history, architecture, or culture of the city of any area thereof as determined by the council and listed on national, state or local historical registers or official inventories, such as the National Register of Historic Places and State Historical Landmarks.

F. Participating party means any person, company, corporation, partnership, firm, association or other entity or group of entities requiring financing for rehabilitation pursuant to the provisions of this chapter. No elective officer of the city shall be eligible to be a participating party under the provisions of this chapter.

G. Rehabilitation means the reconstruction, restoration, renovation or repair of the interiors or exteriors of historical property, the relocation of historical property for the purpose of restoring or preserving its historical or architectural authenticity, preventing its deterioration or destruction, continuing its use, providing for its feasible reuse, or providing for the safety of the occupants or passersby, and any acquisition and construction associated with said reconstruction, restoration, renovation, repair or relocation. Rehabilitation includes, but is not limited to, the repairing of architectural facades or ornamentation; removal of inappropriate additions or materials; replacement of facades, ornamentation or architectural elements previously removed; repairing of roofs, foundations and other essential structural elements; work done on a historical property in order to comply with rehabilitation standards; and any construction of parking facilities or other appurtenant and related improvements and facilities required by law or necessary to enable reuse of the historical property. Rehabilitation includes the purchase, acquisition, installation and restoration of fixtures, furnishings and personal property.

H. Rehabilitation standards means the applicable local or state standards for the rehabilitation of historical property.

I. Revenues means all amounts received as repayment of principal, interest, and all other charges received for, and all other income and receipts derived by, the city from the financing of historical rehabilitation, including moneys deposited in a sinking, redemption, or reserve fund or other fund to secure the bonds or to provide for the payment of the principal of, or interest on, the bonds and such other moneys as the council may, in its discretion, make available therefor. (Ord. 2675 § I(2), 1981)