For purposes of the Good Life District Economic Development Act, unless the context otherwise requires:

(1) City means any city of the metropolitan class, city of the primary class, city of the first class, city of the second class, or village, including any city operated under a home rule charter;

(2) Bond has the same meaning as in section 10-134;

(3) Election means any general election, primary election, or special election called by the city as provided by law;

(4) Eligible costs means payment and reimbursement of (a) the costs of acquisition, planning, engineering, designing, financing, construction, improvement, rehabilitation, renewal, replacement, repair, landscaping, irrigation, and maintenance of privately and publicly owned real estate, buildings, improvements, fixtures, equipment, and other physical assets within a good life district and debt service on such real estate, buildings, improvements, fixtures, equipment, and other physical assets, (b) the costs of construction and acquisition of publicly owned infrastructure and publicly owned property rights within or related to a good life district, (c) the costs of development, acquisition, maintenance, and enhancement of technology assets to include hardware, software, and related intellectual property, if the initial exclusive use of such property is in or related to the good life district program area, (d) the costs of marketing, tenant improvement allowances, and tenant and customer acquisition and retention, and (e) city costs related to implementing, operating, and funding a good life district economic development program;

(5) Good life district means any good life district established pursuant to the Good Life Transformational Projects Act;

(6) Good life district applicant means the person who applied for the applicable good life district, which was approved by the Department of Economic Development pursuant to section 77-4405;

(7) Good life district economic development program or program means a program established pursuant to the Good Life District Economic Development Act to utilize funds derived from local sources of revenue for the purpose of paying eligible costs, and for paying principal of and interest on bonds issued pursuant to the act;

(8) Good life district program area means the area established pursuant to section 77-4412 for a good life district economic development program;

(9) Governing body means the city council, board of trustees, or other legislative body charged with governing the city;

(10) Local sources of revenue means the sources of revenue established for a good life district economic development program pursuant to section 77-4413, and any revenue generated from grants, donations, or state and federal funds received by the city for such good life district economic development program subject to any restrictions of the grantor, donor, or state or federal law; and

(11) Qualifying business means any corporation, nonprofit corporation, partnership, limited liability company, or sole proprietorship which owns or leases property or operates its business within a good life district program area, or plans to own or lease property or operate its business within a good life district program area. The good life district applicant shall be deemed a qualifying business pursuant to this subdivision. Qualifying business shall also include a political subdivision, a state agency, or any other governmental entity which includes any portion of the good life district program area within its territorial boundaries.