(A) The total amount of all fees required to be paid pursuant to this division shall be paid to the city at the time of issuance of one or more building permits for the subdivision.
(B) If the subdivider, prior to the date upon which fees are otherwise required to be paid under this division, enters into a written agreement with the city providing that at least 20 % of the units in the development will be sold or rented only to lower income families or that at least 10 % of the units in the development will be sold or rented only to very low income families, as defined in Cal. Health and Safety Code, Sections 50079.5 and 500105 respectively, at housing costs affordable to such families, as defined in Cal. Health and Safety Code, Sections 50052.5 and 50053, for a period of at least ten years from the date of such written agreement, the city council may, in such written agreement or in a separate written agreement entered into prior to the date upon which fees are otherwise required to be paid under this section, agree to do either or both of the following:
(1) Defer payment of all or part of the fees required by this section up to the date that the subdivider first requests electrical service clearance for a unit in the development;
(2) Calculate development fees for the project based on such fees in effect as of a date no earlier than the date such fees otherwise would be required to be paid under this division.
(`64 Code, Sec. 27-71.5) (Ord. No. 1791, 1949, 2031, 2590)