All recovery costs shall be due and payable at the time of the recording of a final plat for the applicable property, or at such time as application is made for a building permit for the applicable property, whichever occurs first. The town may withhold building permits on property within the area of benefit until recovery costs are paid. In the event an owner desires to proceed with development of a portion of his property based on a phased development plan, the owner may proceed after paying that portion of the recovery costs and making provision for payment of the remainder satisfactory to the town.  (Ord. 550, Series of 2021)