The new area development tax shall be an alternative to the annexation fees established by Resolution No. 82/43. A developer, at his option, may pay either the annexation fee as established by said resolution or the new area development tax. However, it is mandatory that either said tax or said annexation fee be paid. If the developer pays said tax, he shall receive a credit for moneys paid pursuant to Resolution No. 82/43.
('66 Code, § 3-8.03) (Ord. 542-C-S, passed 2-24-83)