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Affordable Ownership Cost, multiplied by the fractional inclusionary unit required. The fractional inclusionary unit shall be as follows: Total units in Fractional Inclusionary Unit rp olect required 2 0.3 3 0.45 4 0.60 5 0.75 6 0.9 A. Timing of Payment. The fee shall be calculated based on the price and cost figures established by the City at the time of building permit issuance. The fee must be paid prior to the issuance of the first building permit for the Development with the option to establish an alternative payment schedule if approved by the Community Development Director or designee. Far phased developments, payments may be made for each portion prior to the issuance of a Building Permit for that phase. When payment is delayed, in the event of default, or for any other reason, the amount of the in-lieu fee payable under this Article will be based upon the fee schedule in effect at the time the fee is paid. B. Effect of No Payment. No final inspection for occupancy will be completed for any corresponding Market-Rate Unit in a Residential Development unless fees required under this Article have been paid in full to the City. 6-3014 Compliance Procedures. A. General. The Approval Authority shall approve, conditionally approve, or reject the Inclusionary Housing Plan. Approval of an Inclusionary Housing Plan by the Developer and implementation of an approved Indusionary Housing Agreement is a condition of any tentative map, planning permit or approval in the Zoning Code for any Development for which this Article applies. This Article does not apply to projects where the requirements of the Article are satisfied by payment of an in lieu fee under Section 6-3012. B. Inclusionary Housing Plan. The Community Development Director must determine completeness within 30 days of submittal of a complete application. If the Inclusionary Housing Plan is incomplete, the Inclusionary Housing Plan will be returned to the Developer along with a list of the deficiencies or the information required. No application for a tentative map, parcel map or building permit to which this Article applies may be deemed complete until an Inclusionary Housing Plan is submitted to the Community Development Director. At any time during the review process, the Community Development Director may require from the Developer additional information reasonably necessary to clarify and supplement the application or determine the consistency of the proposed Inclusionary Housing Plan with the requirements of this Article. The Inclusionary Housing Plan must include: ORDINANCE NO. 2004-023 11