• As used in this part, unless the context otherwise requires:
    • (1) “Assessed value” means value as assessed for municipal property tax purposes;

    • Terms Used In Tennessee Code 7-84-603

      • Board: means the board of assessment commissioners. See Tennessee Code 7-84-103
      • District: means the central business district created by ordinance or resolution by a municipality, or a corridor of central business districts created by joint agreement of two (2) or more municipalities. See Tennessee Code 7-84-103
      • Establishment ordinance: means the ordinance of the governing body adopted pursuant to §. See Tennessee Code 7-84-603
      • Governing body: means the council, commission, board or other body exercising general legislative power in the municipality. See Tennessee Code 7-84-603
      • Metropolitan government: means the political entity created by consolidation of all, or substantially all, of the political and corporate functions of a county and a city or cities. See Tennessee Code 7-1-101
      • Municipality: means any incorporated city, town or metropolitan government of this state exercising general governmental functions in the state. See Tennessee Code 7-84-603
      • Owner: means record owner in fee, or duly authorized representative. See Tennessee Code 7-84-603
      • Property: includes both personal and real property. See Tennessee Code 1-3-105
      • Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in a perceivable form. See Tennessee Code 1-3-105
      • Representative: when applied to those who represent a decedent, includes executors and administrators, unless the context implies heirs and distributees. See Tennessee Code 1-3-105

      (2) “District” or “inner-city redevelopment district” means the inner-city redevelopment district created by the establishment ordinance of the municipality;

    • (3) “District management corporation” means the board or organization created or appointed pursuant to § 7-84-619;

    • (4) “Establishment ordinance” means the ordinance of the governing body adopted pursuant to § 7-84-615 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 § 7-84-611(1) requesting the establishment of a district pursuant to this part;

    • (7) “Initiating resolution” means the resolution adopted by the governing body pursuant to § 7-84-611(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 duly authorized representative.