As used in this part, unless the context otherwise requires:
(1) “Assessed value” means value as assessed for municipal property tax purposes;
(2) “District” or “central business improvement district” means the central business improvement district created by the establishment ordinance of the municipality;
(3) “District management corporation” means the board or organization created or appointed pursuant to § 7-84-519;
(4) “Establishment ordinance” means the ordinance of the governing body adopted pursuant to § 7-84-515 establishing a district;
(5) “Governing body” means the council, commission, board or other body exercising general legislative power in the municipality;
(6) “Initiating petition” means the petition filed pursuant to § 7-84-511(a)(1) requesting the establishment of a district pursuant to this part;
(7) “Initiating resolution” means the resolution adopted by the governing body pursuant to § 7-84-511(a)(2) proposing to establish a district pursuant to this part;
(8) “Municipality” means any incorporated city, town or metropolitan government of this state exercising general governmental functions in the state; and
(9) “Owner” means record owner in fee, or a duly authorized representative.