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means and objectives designed to encourage the development and | maintenance of affordable housing within an affordable housing | development district. |
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| | 4.__Amenities.__"Amenities" means items of street furniture, | signs and landscaping, including, but not limited to, | plantings, benches, trash receptacles, street signs, sidewalks | and pedestrian malls. |
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| | 5.__Authority.__"Authority" means the Maine State Housing | Authority. |
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| | 6.__Captured assessed value.__"Captured assessed value" | means the amount, as a percentage or stated sum, of increased | assessed value that is utilized from year to year to finance | the project costs contained within the affordable housing | development program. |
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| | 7.__Current assessed value.__"Current assessed value" means | the assessed value of the district certified by the municipal | assessor as of April 1st of each year that the affordable | housing development district remains in effect. |
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| | 8.__Director.__"Director" means the Director of the Maine | State Housing Authority. |
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| | 9.__Financial plan.__"Financial plan" means a statement of | the project costs and sources of revenue required to | accomplish the affordable housing development program. |
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| | 10.__Increased assessed value.__"Increased assessed value" | means the valuation amount by which the current assessed value | of an affordable housing development district exceeds the | original assessed value of the district. If the current | assessed value is equal to or less than the original, there is | no increased assessed value. |
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| | 11.__Maintenance and operation.__"Maintenance and operation" | means all activities necessary to maintain affordable housing | after development and all activities necessary to operate the | affordable housing, including, but not limited to, | informational, promotional, safety and surveillance | activities. |
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| | 12.__Original assessed value.__"Original assessed value" | means the assessed value of an affordable housing development | district as of March 31st of the tax year preceding the year | in which it was designated. |
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| | 13.__Project costs.__ "Project costs" means any expenditures | or monetary obligations incurred or expected to be incurred | that |
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