(A) No building permit shall be issued for any new building designed for a residential, commercial, industrial, institutional, or related use, pursuant to the provisions of this code, nor shall any person, firm, or corporation do or perform any act or thing, the doing or performance of which requires a building permit under the provisions of this code, unless the payment of a traffic signalization fee has been made as set forth in this chapter.
(B) Fees shall be based on the general number of traffic trips generated by the type of development to be built all in accordance with the Master Signalization Facilities Plan and fee schedule which shall be adopted by the Council by resolution and which may be amended from time to time.
('66 Code, § 7-5.02) (Ord. 411-C-S, passed 8-9-79) Penalty, see §§ 1-2.01 et seq.