The fees for permits and licenses for new buildings and structures, and for additions and/or alterations to existing building and structures, shall be based on the cost thereof as follows:
$500.00 or less $12.00
$501.00 to 1,000 18.00
More than $1,000 but not more than $500,000 20.00 plus $7.00 per $1,000 of cost or fraction thereof
More than $500,000 3,500.00 plus $5.00 for each additional $1,000 of cost or fraction thereof
(Res. 86-611. Passed 9-2-86.)