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The following words, terms and phrases, when used in this Article, shall have the meanings ascribed to them in this Section, except where the context clearly indicates a different meaning:

A. “Disposition” means the sale, lease or other means of divestiture of title or the right to possession of any property belonging to the Town.

B. “Personal Property” means property which is tangible and movable without damage, but may include fixtures attached to Real Property.

C. “Property Administrator” means the Town Manager or designee assigned as custodian of all property belonging to the Town.

D. “Real Property” means property consisting of land or structures affixed to land. (13-04, Amended, 11/21/2013)