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What is the PIF at the Gardens on Havana Shopping Center?

March 7th, 2020

A Public Improvement Fee (PIF) is an added fee collected by businesses on sales transactions. It operates kind of like a sales tax, but it is actually a fee rather than a tax. The fee is used to fund infrastructure improvements in order to improve the site community of the fee collector.

Learn More about the PIF at the Gardens on Havana Shopping Center at the City of Aurora’s Website Here: https://www.auroragov.org/business_services/development_center/fees/public_improvement_fee

The Gardens on Havana Property Details

South Havana Street & E. Mississippi Ave – Aurora, Colorado (CO) (Directions)

Property Manager

Charles Thompson
AmCap Properties, Inc.
950 S Cherry St #1120
Denver, CO 80246Office:303-321-1500 Ext. 101
[email protected]

Leasing

Carly (Beetham) Krowl
AmCap Inc.
950 S Cherry St, Suite 1120
Denver, CO 80246Office:303-321-1500
[email protected]

The Gardens on Havana consists of over 496,647 square feet (46,140.0 m2) of retail space, and is owned by AmCap Incorporated. The Gardens on Havana is the premier open-air collection of large format retail in the East Denver/Central Aurora submarket, with a broad cross-section of prominent in-demand necessity and discount national retailers as well as bountiful restaurant options. The Property’s prominent location and visibility along two of the areas’ most heavily-trafficked thoroughfares benefit from a dynamic trade area of over 255,000 people within a ten-minute drive.The Gardens on Havana is an exemplary modern-day retail center, with contemporary design elements and an inviting main street element, flanked by two wings of large-format retailers offering a diverse and appealing merchandising mix and community gathering location.

The  Public Improvement Fee is a private fee that is collected by businesses on sales transactions. The money is used to pay for the public improvements related for a development of their site, such as curbs and sidewalks, storm management systems, sanitary sewer systems, public street lighting, and road and bridge development. The PIF is specifically a fee and NOT a tax; therefore, it becomes a part of the overall cost of the sale/service and is subject to sales tax.

Learn More about AMCAP at the Gardens on Havana Here: https://www.amcap.com/properties-post/the-gardens-on-havana/