12-4-9: WAIVER OR DEFERRAL OF PLANT INVESTMENT FEES:
A. Upon request the town council may waive or defer payment of the PIF for any of the following developments:
1. A development constructed by a governmental entity; or
2. A development the primary purpose of which is determined by the town council to provide low or moderately priced housing for residents of Summit County; or
3. A development, other than those enumerated above, which the town council determines will provide a substantial public benefit.
B. A request for waiver or deferral of the PIF shall be made prior to the physical connection of the development to the water system.
C. The town shall not waive payment of the PIF unless the town council finds and determines that sufficient cause therefor has been demonstrated and that waiving the PIF will be in the public interest. If the town council declines to waive the payment of the PIF, it may nevertheless defer payment of such fee as hereafter provided.
D. In connection with any deferral of the payment of the PIF the town council shall require payment of such fee at the then current rate if the development ceases to be used for the purpose for which the deferral was granted. Such payment obligation shall be evidenced by a written covenant or agreement in a form acceptable to the town attorney. (Ord. 9, Series 2001)