When application is made for a building permit as provided in § 19.40 and the property sought to be improved is located upon an alley which has been brought up to standard subsequent to October 1, 1976, then it shall be a condition to the issuance of the building permit that the applicant agree to pay into the Alley Improvement Revolving Fund an amount equal to the cost of the materials used to improve the alley as of the time the building permit is issued.
(`61 Code, § 19.44) (Ord. 581, passed 10-5-1976)