As used in this part 2, unless the context otherwise
requires:
(1)Authority or housing authority means a corporate body organized in
accordance with the provisions of this part 2 for the purposes, with the powers, and
subject to the restrictions set forth in this part 2.
(2)Bonds means any bonds, interim certificates, notes, debentures, or
other obligations of the authority issued pursuant to this part 2.
(3)City means any city or incorporated town included in the territorial
boundaries of the authority.
(4)Commissioner means one of the members of an authority appointed in
accordance with the provisions of this part 2.
(5)Community facilities means real and personal property, buildings and
equipment for recreational or social assemblies and for educational, health, or
wel
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As used in this part 2, unless the context otherwise
requires:
(1) Authority or housing authority means a corporate body organized in
accordance with the provisions of this part 2 for the purposes, with the powers, and
subject to the restrictions set forth in this part 2.
(2) Bonds means any bonds, interim certificates, notes, debentures, or
other obligations of the authority issued pursuant to this part 2.
(3) City means any city or incorporated town included in the territorial
boundaries of the authority.
(4) Commissioner means one of the members of an authority appointed in
accordance with the provisions of this part 2.
(5) Community facilities means real and personal property, buildings and
equipment for recreational or social assemblies and for educational, health, or
welfare purposes, and necessary utilities when designed primarily for the benefit
and use of the occupants of the dwelling accommodations.
(6) Contract means any agreement of an authority with or for the benefit of
an obligee, whether contained in a resolution, trust indenture, mortgage, lease,
bond, or other instrument.
(7) Council means the legislative body, council, board of commissioners,
board of trustees, or other body charged with governing the city.
(8) Federal government means the United States, the federal emergency
administrator of public works, or any agency or instrumentality, corporate or
otherwise, of the United States.
(9) Government means the state and federal governments and any
subdivision, agency, or instrumentality, corporate or otherwise, of either of them.
(10) Mortgage means deeds of trust, mortgages, building and loan
contracts, or other instruments conveying real or personal property as security for
bonds and conferring a right to foreclose and cause a sale thereof.
(11) Obligee of the authority or obligee means any bondholder, trustee for
any bondholders, any lessor demising property to the authority used in connection
with the project, or any assignee of such lessor's interest or any part thereof, and
the United States when it is a party to any contract with the authority.
(12) Project means all real and personal property, buildings and
improvements, stores, offices, lands for farming and gardening, commercial
facilities, and community facilities acquired or constructed or to be acquired or
constructed pursuant to a single plan or undertaking to demolish, clear, remove,
alter, or repair unsanitary or unsafe housing or to provide dwelling accommodations
on financial terms within the means of persons of low income. The term project
also applies to the planning of the buildings and improvements, the acquisition of
property, the demolition of existing structures, the construction, reconstruction,
alteration, and repair of the improvements and all other work in connection
therewith. The term project also applies to the provision of dwelling
accommodations to persons, without regard to income, as long as the project
substantially benefits persons of low income as determined by an authority.
(13) Real property means lands, lands under water, structures, and all
easements, franchises, and incorporeal hereditaments and every estate and right
therein, legal and equitable, including terms for years and liens by way of judgment,
mortgage, or otherwise.
(14) State means the state of Colorado.
(15) Trust indenture means instruments pledging the revenues of real or
personal properties but not conveying such properties or conferring a right to
foreclose and cause a sale thereof.