As used in this chapter, the following terms shall have the
meanings indicated:
Any project to construct, remodel or reconstruct any buildings
or structures, or any portion of any of such buildings or structures,
within the boundaries of the designated Downtown Development District,
as approved by the Town Council, and as modified from time to time.
Alterations or repairs made to a structure within any twelve-month
period.
An otherwise eligible project shall be ineligible for Downtown
Development District incentives if:
A.
An application for a building permit for the project was filed prior
to the effective date of this ordinance; or
B.
Construction or renovation commenced prior to the effective date
of this ordinance; or
C.
Issuance of the certificate of occupancy and/or the completion and
finalization of the building permit occurs before the application
for Downtown Development District incentives is received; or
D.
Construction or renovation commenced prior to the issuance of a building
permit by the Town of Middletown; or
E.
The beneficiary of the incentives is delinquent on any of the obligations
due the Town of Middletown.
The beneficiary of the incentives provided by this appendix
must remain current on all obligations due the Town. If, at any time
after the incentives have been granted, the beneficiary of the incentives
becomes delinquent on any Town obligations, the Town Manager shall
revoke the eligibility for any portion of the incentives not yet received
by the beneficiary. Notice shall be given to such beneficiary in writing.
