§ 5-609 COLLECTION OF TAX.
   (A)   Each applicant for a building permit for new development shall state, on a form provided by the city, the amount of gross square footage contained in the development for which the permit is sought.
   (B)   The city’s Building Official shall calculate the tax due on the development and collect such tax in cash prior to acceptance of the application for the permit.
   (C)   In the event that a building permit is not required (or was issued prior to 4-1-1994) for the new development, the applicant for a certificate of occupancy shall state the amount of gross square footage contained in the development for which the certificate is sought, and the city’s Building Official shall calculate the tax due on the development and collect such tax in cash prior to acceptance of the application for the certificate.
   (D)   In its sole discretion, the city may permit a person engaging in the business of developments, upon application for a building permit for a development, to defer payment of the tax until the time for issuance of the certificate of occupancy for such development; provided that, such person provides security for the full amount of the tax due in a form acceptable to the city.
(2011 Code, § 5-609)