A. Application Fee. The city shall charge an application fee of $800.00 for each latecomer agreement.

B. Administrative Fee. In addition, the city shall charge a fee for administering the latecomer process equal to one percent of the estimated cost of construction.

C. Recording Fee. Further, for every separate parcel of property within the applicant’s proposed assessment reimbursement area, the city shall charge a recording fee of $250.00 per parcel.

D. The application fee and the recording fee shall be adjusted annually to reflect inflationary costs. The adjusted fees shall be calculated by adjusting upwards or downwards in accordance with the change in the Consumer Price Index for All Urban Consumers, Seattle-Tacoma-Bremerton, Washington, based on the report released prior to January 1st of each year. The fees established by this formula shall be rounded up or down to the next $10.00.

E. The application fee shall be paid upon application for a latecomer agreement with all remaining fees paid prior to, and as a condition of, the city’s mailing of the preliminary determination notices. [Ord. 2014-06-033; Ord. 2004-01-003 § 8; Ord. 10906 § 2, 1997. Formerly 14.02.130].