As noted above, the owner may elect to contractually agree to pay a monthly payment in lieu of the full fee. If the owner elects the monthly payment fee option, the fee shall be required to be paid as long as the use remains on the property.

Should any monthly payment be late, there shall be immediately due a ten percent (10%) penalty on the overdue balance, plus interest shall accrue on the balance at the statutory rate for unpaid judgements. Should it be necessary to collect any unpaid balance by legal action, the prevailing party shall be entitled to reasonable costs and fees, including attorneys’ fees.

The City Council may accept other consideration in lieu of the adjustment under such terms and conditions as may be approved by resolution from time to time. (Ord. 3405 § 10, 2008; Ord. 3153 § 9, 1994)