Public Improvement Fee definition

Public Improvement Fee or “PIF” shall have the meaning set forth in Section 9(e).
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Public Improvement Fee means revenue received by the District from a public improvement fee on taxable retail sales transactions occurring within the District, or similar fee imposed by the owner of property in the District on similar transactions.
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Examples of Public Improvement Fee in a sentence

  • The PIF collection agent will receive and remit the Public Improvement Fee to the Seller or District.

  • Purchaser agrees to pay the Public Improvement Fee (“PIF”) as defined under the Declaration Of Covenants Imposing And Implementing A Public Improvement Fee, dated September 12, 2012 and recorded September 19, 2012 as instrument 212109234 in the official records of El Paso County, Colorado (“PIF Covenant”).

  • Purchaser acknowledges that the Property is located within a Public Improvement Property and is subject to a Public Improvement Fee (“PIF Fee”) as required by the City of Colorado Springs in connection with the Special District Act as set forth in C.R.S. Section 32-101, et seq.

  • The PIF collection agent will strap and remit the Public Improvement Fee all the Seller or District.

  • It is expected the Public Improvement Fee Covenant will provide and allow for Buyer to make a single payment at the issuance of a building permit for each home based on the construction valuation of the home.