Each person who desires to receive water service from the water system for an in town water using property shall pay a plant investment fee (PIF) in the amount of seven thousand seven hundred three dollars ($7,703.00) per SFE. PIFs shall be payable prior to issuance of a building permit. The amount of SFEs to be used to calculate the required PIF shall be determined by the town in accordance with the table of single-family equivalents set forth in section 12-4-10 of this chapter. (Ord. 10, Series 2017)