A. When a fee is to be paid in-lieu of land dedication, the applicant shall, in-lieu of dedicating land, pay a fee equal to the value of the land which would otherwise be required for dedication pursuant to Section 12.64.070. The fee for land shall be paid prior to or contemporaneously with recordation of a final map, issuance of a permit or approval of any application as defined as a “development” project. The total amount may be rounded to the nearest whole dollar. The amount of in-lieu fee shall be determined in accordance with the following Formula B:

B. Said in-lieu fee collected and accrued interest shall be used primarily to acquire necessary trails. The second priority of said monies shall be to improve and enhance trail facilities for said phase as shown in the Specific Trails Plan. (Ord. 3713 § 1, 1996)