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FEE IN LIEU OF TAX AND SPECIAL SOURCE CREDIT AGREEMENTBetweenGREENVILLE COUNTY, SOUTH CAROLINAandPROJECT PAK sponsor AFFILIATEDated as of, 2019TABLE OF CONTENTSARTICLE I DEFINITIONS SECTION 1.01 DEFINITIONS
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Fee in lieu of is a monetary payment made instead of providing a specific service or benefit, typically related to land use or zoning requirements.
Entities or individuals who wish to fulfill a regulatory requirement or mitigate an impact often file a fee in lieu of, which can include developers, landowners, and businesses.
To fill out a fee in lieu of, individuals must complete the relevant form provided by the regulatory body, include the necessary documentation, specify the amount being paid, and submit it by the required deadline.
The purpose of fee in lieu of is to provide a financial alternative to direct compliance with a requirement, usually to fund projects or programs that benefit public interests.
Information to report includes the payer's details, amount of fee, purpose of payment, relevant project or permit information, and any additional documentation as required by local regulations.
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