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As used in this Article, unless the context otherwise requires:

1. Landowner shall mean any owner of a legal or equitable interest in real property, and includes the heirs, successors, and assigns of such ownership interests.

2. Property means all real property subject to land use regulation by the Town.

3. Site specific development plan shall mean and be limited to the final plat of a subdivision or a final site plan of a Planned Unit Development (also known as a "final development plan") when approved by the Board of Trustees by ordinance duly adopted.

4. Vested property rights shall mean the right to undertake and complete the development and use of property under the terms and conditions of a site specific development plan.