A. When a fee is to be paid in-lieu of improvement, the applicant shall, in-lieu of improving trail, pay a fee equal to the value of improving the amount of land as calculated pursuant to Section 12.64.070. The fee for improvement shall be paid prior to or contemporaneously with issuance of a building permit for a residential dwelling unit. 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 C:

B. The city engineer shall establish, and from time to time, may review and revise the construction and improvement costs of trails used in Formula C in order to make cost adjustments due to inflation, updated labor and material costs, revision of design standard, or other related factors. The city engineer shall keep this cost information on file in his office available for public inspection

C. The in-lieu fee collected and any accrued interest shall be used primarily for the purpose of constructing and improving trails. Construction and improvement of trails may be combined with the construction of parks serving the planning area to provide for an integrated recreational facility. Secondarily, the in-lieu fee may be used to acquire trail facilities. (Ord. 3713 § 1, 1996)