§ 10-3 Definitions.

The word “Authority” shall mean the Lexington Market Authority created by <cite data-path="10|§10-2">Section 10-2</cite> of this subheading.

The word “City” shall mean the Mayor and City Council of Baltimore, a corporation of the State of Maryland.

The word “Council” shall mean the City Council, the Legislative Department of the Mayor and City Council of Baltimore.

The term “existing market” shall mean and shall include, all lands, buildings, structures, parking lot sites, stalls, facilities and properties constituting the market commonly known as the “Lexington Market” and located within the boundaries set forth in Section 129, Article 27, Baltimore City Code <em>{(1927 Edition)}</em>, as amended by Ordinance No. 126, approved February 19, 1940.

The term “purchase price of the existing market” shall mean the price agreed upon by the Authority and the City, to be paid in cash or in bonds of the Authority at par, for the existing market or so much thereof as the Authority shall agree to purchase from the City, and in determining such purchase price the Authority and the City shall take into consideration the original cost of the existing market, reasonable depreciation, reproduction cost, revenues, cost of operation and maintenance, and all other available information relating thereto.

The word “Market” shall mean and include the existing market or so much thereof as shall be purchased by the Authority, such existing market or portion thereof as remodeled or reconstructed, any and all buildings, sites, structures, facilities, and properties used or useful in connection with the buying, storing, refrigerating, processing or sale of food products of all kinds, whether on the site of the existing market or on property adjacent thereto or useful in connection therewith, and any enlargements, improvements, reconstruction or extension thereof, and shall include parking and other ancillary facilities.

The term “cost of the Market” shall mean and include the purchase price of the existing market, the cost of all land, property, rights, easements, and franchises deemed necessary for the construction and establishment of the Market, the cost of all labor, materials, machinery and equipment, financing charges, interest prior to and during construction and for six months after completion of construction, cost of engineering, architectural and legal services, plans, specifications, surveys, estimates of cost and of revenues, other expenses necessary or incident to determining the feasibility or practicability of such construction, administrative expense and such other expenses as may be necessary or incident to the financing herein authorized and the construction and establishment of the Market, including the remodeling or reconstruction of the existing market, and the placing of the Market in operation. Any expense heretofore or hereafter incurred by the City and included in the foregoing definition of cost of the Market shall be regarded as a part of such cost and shall be reimbursed to the City out of the proceeds of the revenue bonds issued under the provisions and authority of this subheading.