Designated areas of certain towns
372AA Interpretation and application (Chapter 10).
(1) In this Chapter—
“lease”, “lessee”, “lessor”, “premium” and “rent” have the same meanings respectively as in Chapter 8 of Part 4;
“market value”, in relation to a building, structure or house, means the price which the unencumbered fee simple of the building, structure or house would fetch if sold in the open market in such manner and subject to such conditions as might reasonably be calculated to obtain for the vendor the best price for the building, structure or house, less the part of that price which would be attributable to the acquisition of, or of rights in or over, the land on which the building, structure or house is constructed;
“property developer” means a person carrying on a trade which consists wholly or mainly of the construction or refurbishment of buildings or structures with a view to their sale;
“qualifying area” means an area or areas specified as a qualifying area under section 372AB;
“qualifying period” means, subject to section 372AB, the period commencing on—
(a) in the case of section 372AC and section 372AD, such day as the Minister for Finance may by order appoint, and
(b) in the case of sections 372AE, 372AF, 372AG, 372AH and 372AI, 1 April 2000,
and ending on
>31 March 2003<;
“refurbishment”, in relation to a building or structure
>and other than for the purposes of sections 372AG and 372AH<, means any work of construction, reconstruction, repair or renewal, including the provision or improvement of water, sewerage or heating facilities, carried out in the course of the repair or restoration, or maintenance in the nature of repair or restoration, of the building or >structure.<
>This Chapter< shall apply if the Oireachtas passes an Act which refers to this Chapter and provides for the renewal of certain urban areas and the submission of plans (to be known as “Town Renewal Plans”) to the Minister for the Environment and Local Government which have been drawn up by county councils (being county councils as referred to in such Act) in respect of an area or areas identified by such an authority on the basis of criteria prepared by that Minister, including physical and socio-economic renewal of such an area or areas.