The fees provided for in Section 941.08, in the aggregate of over two thousand fifty dollars ($2,050), shall be paid to the Clerk-Treasurer or collected over a period of eight years as follows:
(a) Cash in full shall be paid at the time of the issuance of the permit for all newly constructed buildings. For existing buildings, the applicant shall have the options set forth below.
(b) A partial cash payment of at least five hundred dollars ($500.00), and payments of at least one-eighth of the balance extended over a period not to exceed eight years, shall be paid for buildings existing on the date of the passage of this section, or March 1, 1976, whichever is earlier.
(c) The amount not paid in cash shall be certified to the County Auditor to be collected by him or her with real estate taxes, as a special assessment procedure, over a period of eight years. The payments shall be made over an eight-year period or as otherwise directed by Council. (Ord. 730. Passed 10-11-76.)