The Mayor and Common Council are empowered to grant deferral of any fee imposed by this chapter upon the recommendation of the Director of Development Services, except the regional circulation systems fee established in Chapter 3.27.060. Such deferral may only be granted after notice and hearing if, in the opinion of the Mayor and Common Council, properly supported by specific findings, deferral would allow a better or fairer financing arrangement to be developed and imposed. Findings must be based on written and other evidence submitted by the property owner, substantiating the owner's contention that the fee should be deferred. Findings must include facts supporting deferral, including without limitation, findings that in the case of deferral (1) other properties to be benefited by any fee will not be burdened by the review and delay in fee imposition, or, (2) alternative financing methods involving more than one owner have been proposed for review, or (3) delay will result in a more fair funding arrangement.