Section 4150.20  Definitions

a)         The definitions set forth in Section 10-40 of the Property Tax Code will apply throughout this Part.

b)         The following definitions will apply throughout this Part in lieu of those set forth in the Act:

1)         "Rehabilitation period" means the period of time necessary to renovate, restore, preserve or rehabilitate an historic building which commences on the first day of construction.

2)         "Substantial rehabilitation" means a rehabilitation project that provides a visible community benefit that enhances or improves the condition of the historic building and involves at a minimum, the exterior of the historic building.