A. Payment shall be due prior to issuance of any certificate of occupancy for the project.

B. The city shall deposit collected payments in an affordable housing fund established by the city and used for affordable housing development.

C. The subarea generating the affordable housing linkage fee is the priority location for affordable housing funded wholly or in part with the fee. The city may, however, authorize the use of these funds for affordable housing projects in other subareas of the city (as a second priority) or within another jurisdiction (as a third priority) with close proximity to commercial uses, transit services, and/or employment opportunities. (Ord. 2341 § 4, 2020).