Sales PIF definition
Sales PIF means the public improvement fee applicable to the Project, imposed by way of a declaration of covenants executed and recorded by the Developer on the purchase price of each transaction involving the sale of goods and/or services on certain property within the Plan Area.
Sales PIF means the public improvement fee imposed pursuant to the PIF Covenant against all PIF Sales (as defined in the PIF Covenant) initiated, consummated, conducted, transacted, or otherwise occurring from or within the PIF Property for the period commencing on the date of the PIF Covenant until terminated in accordance with the PIF Covenant. The PIF rate assessed under the PIF Covenant on PIF Sales is 1.00%.
Sales PIF means the public improvement fee imposed pursuant to the PIF Covenant against all PIF Sales (as defined in the PIF Covenant) initiated, consummated, conducted, transacted, or otherwise occurring from or within the PIF Property for the period commencing on the date of the PIF Covenant until terminated in accordance with the PIF Covenant. The PIF rate assessed under the PIF Covenant on PIF Sales is not less than 1.00%.