and notes under the Tax Increment Financing Act in connection
with a tax increment district in which an NID or portion of
an NID is located.
"Bonds." The term shall include the notes, bonds and other
evidence of indebtedness or obligations which any authority is
authorized to issue under subsection (i).
"Costs of improvements." The term shall include, property
and right-of-way acquisition costs, entitlements, costs of
development and construction, including any redevelopment,
reconstruction and renovation, capitalized interest, costs of
issuance, operating expense, debt service and other reserves,
any other expenditures necessary and incidental to the
development, construction or completion of a project, and any
project costs as defined in the Tax Increment Financing Act.
"Neighborhood improvement." The term shall include capital
improvements, traditional streetscape and building renovations,
clearing and grading of land, roads, bridges, traffic lights,
parking garages, utility lines and connections including
electric, gas, telecommunications and other utilities servicing
the NID, and all neighborhood improvements that are capital in
nature or repairs to neighborhood improvements, located outside
the boundaries of an NID and directly benefit the designated
properties located within the NID.
"Neighborhood improvement district management association."
The term shall include the authority serving as administrator of
related tax increment financing district appointed pursuant to
either the project plan, as defined in the Tax Increment
Financing Act, or a separate agreement among the municipal
corporation, other taxing bodies and the administrator.
"Neighborhood improvement district plan." The term includes a
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