R357-42-102. Definitions

The following terms are defined: (1) "Approve a redevelopment application" means: (a) entering a development agreement that includes, a minimum, of eight housing units per acre; or (b) modifying an existing development agreement that: (i) substantially increases the number of housing units, as determined by the executive director; and (ii) includes, a minimum, of eight housing units per acre; (2) "Executive Director" means the executive director of the Governor's Office of Economic Opportunity; (3) "Per Acre" means that on average the qualifying project has a minimum of eight residential housing units. (4) "Spend" or "Spent" includes: (a) money paid directly toward the qualifying project; (b) fees waived by the land use authority; (c) land donated toward the qualifying project; (d) funds expended to improve areas immediately adjacent to the qualifying project where such improvements benefit the qualifying project; and (e) other expenses approved by the executive director.