A. A developer/subdivider proposing new overnight accommodations that do not satisfy the construction requirement must pay to the City a fee in lieu of construction (FILC) equal to the total finished floor area (measured in square feet) of the overnight accommodation type multiplied by the following sums:

B. The FILC is due and payable prior to the issuance of a building permit.

C. The City shall use the FILC, either individually or in combination with other funds, for affordable housing purposes. FILC funds shall be held and accounted for in a separate fund which shall be used solely for the acquisition, construction, maintenance, management, or development of affordable housing. (Ord. 18-20 (part), 2018)