Wherever used in this article, the following
terms shall have the meanings indicated:
HISTORIC AND INDUSTRIAL MILL BUILDING
An industrial building built prior to January 1, 1949, and
meeting one of the following:
A.
Listed on the National Register of Historic
Places, as maintained by the United States Department of Interior.
B.
Eligible for listing on the local historic register,
as established by the Pawtucket Historic District Commission.
C.
Not worthy to be nominated to the register,
but determined to be eligible for the program by the Pawtucket City
Council.
HOUSING UNIT
A new residential unit created within an historic industrial
mill building.
RENOVATE
Conversion of an historic industrial mill building to create
residential use by substantial rehabilitation.
This article shall become effective upon passage
and shall be applicable to property tax assessments made upon property
sold during the period from December 27, 1988, through December 31,
1994.