(a) Upon the issuance of a building permit for construction of a building or structure, or for the alteration of or addition to a present building or site, which would cost in excess of thirty thousand dollars ($30,000), on any lot in any zoning classification in the City, the owner or builder of such building or structure shall pay to the City the sum of three dollars ($4.50) per foot of frontage at the right-of-way. This measurement shall include the side yard frontage on corner lots. This sum shall be deposited with the Director of Finance. Such fee shall be waived if the existing building or structure was destroyed by fire or act of God, and the owner at the time of the hardship is rebuilding.
(b) Monies collected pursuant to subsection (a) hereof, which shall be known as the Tree Fund, shall be used for the purpose of planting approved trees in the tree lawns as described and outlined in The Shade Tree Management Plan.
(c) All moneys accumulated pursuant to this section shall be maintained by the Director of Finance.
(Ord. 2016-016. Passed 2-1-16.)