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Upon application by the subdivider or applicant for a building permit, the city council may accept substitute consideration in lieu of fees required pursuant to this division; provided:
(A) The city council finds, upon recommendation of the city engineer, that the substitute consideration has a value equal to or greater than the fee; and
(B) The substitute consideration is in a form acceptable to the city council.
(`64 Code, Sec. 27-89.76) (Ord. No. 2387)