§ 2-8-152. Definitions.

For the purposes of this article, the following additional definitions shall apply:

Act shall mean Sections 418.20—418.26, Florida Statutes, as amended, which provide for the creation and operation of recreation districts.

Board shall mean the board of supervisors of the UPRD established pursuant to section 2-8-153.

Bond shall mean any general obligation bond, special assessment bond, refunding bond, revenue bond, and other such obligation in the nature of a bond. A "bond" does not include short-term loans or lines of credit with a maturity of two (2) year(s) or less.

Cost, when used with reference to any project, includes, but is not limited to:

(1)

The expenses of determining the feasibility or practicability of acquisition, construction, or reconstruction;

(2)

The cost of surveys, estimates, plans, and specifications;

(3)

The cost of improvements;

(4)

Engineering, fiscal, and legal expenses and charges;

(5)

The cost of all labor, materials, machinery, and equipment;

(6)

The cost of all lands, properties, rights, easements, and franchises acquired;

(7)

Financing charges;

(8)

The creation of initial reserve and debt service funds;

(9)

Working capital;

(10)

Interest charges incurred or estimated to be incurred on money borrowed prior to and during construction and acquisition and for such reasonable period of time after completion of construction or acquisition as the board may determine;

(11)

The cost of issuance of bonds, including advertisements and printing;

(12)

The cost of any referendum held pursuant to this act and all other expenses of issuance of bonds;

(13)

The discount, if any, on the sale or exchange of bonds;

(14)

Administrative expenses, including but not limited to trustee fees and expenses and dissemination agent fees; and

(15)

Such other expenses as may be necessary or incidental to the acquisition, construction, or reconstruction of any project or to the financing thereof, or to the development of any lands within the UPRD.

Elector means any person at least eighteen (18) years of age who is a citizen of the United States, a legal resident of Florida, and who is registered to vote with the Manatee County Supervisor of Elections at his or her address within the UPRD.

Owner shall mean the owner of a freehold estate located in the UPRD, as appears by the deed of record, including a trustee, a private corporation or owner of a condominium unit; this definition does not include a reversioner, remainderman, mortgagee or any governmental entity, who shall not be counted and need not be notified of proceedings under this article or undertaken by the UPRD.

Project means any development, improvement, property, utility, facility, works, enterprise, or service now existing or hereafter undertaken by the UPRD or established under the provisions of this article.

Resident shall mean a person over eighteen (18) years of age who resides at one specific address within the UPRD for at least one hundred eighty-three (183) days per calendar year.

Supervisor shall mean a member of the UPRD Board of Supervisors.

(Ord. No. 18-29 , § 2(a), 8-2-18)