§ 15.68.060. Payment of impact fee.

The impact fee will be assessed at the time a building permit is issued for the amount specified in Section 15.68.050. Payment of the impact fee shall be due in three installments. The first installment shall be due prior to the issuance of a building permit for all or any portion of the development project, and shall be in the amount of twenty-five (25) percent of the impact fee. The second installment shall be due prior to the issuance of a Temporary Certificate of Occupancy for all or any portion of the development project, and shall be in the amount of fifty (50) percent of the impact fee. The third installment shall be due eighteen (18) months from the date of the issuance of a Temporary Certificate of Occupancy for all or any portion of the development project, and shall be in the amount of the remainder of the impact fee.

Except as provided elsewhere in this Chapter, no building permit may be issued for any development project subject to this Chapter unless and until the first installment of the impact fee is paid to the Building Official. No Certificate of Occupancy may be issued for any development project subject to this Chapter unless and until the second installment of the impact fee is paid to the Building Official. The Building Official shall deposit the impact fee in the Affordable Housing Trust Fund.

The city may also enforce the requirement to pay the impact fee by recording a lien or liens against the real property which is the subject of the development project for the amount of the impact fee, revoking or suspending the Certificate of Occupancy for the property, or by taking any other action necessary and appropriate to secure payment.

As an alternative to payment of the impact fee set forth in this Chapter, an applicant for a development project subject to the impact fee may elect to comply with those requirements through the production of housing as provided in Section 15.68.080 of this Chapter.

(Ord. 12442 § 2 (part), 2002)