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Where the subdivision or development takes place on any Jands within the
boundaries of the area outlined on Map No. 6, the following development
cost charges shall apply and be paid in respect of residential uses ant!
residential lands:

(a)

at the time of issuance of a building permit a development cost
charge in an amount determined by multiplying $290.00 by the number
of new dwelling units authorized to be constructed by the building
permit; or

at the time of approval of subdivision a development cost charge in
an amount determined by multiplying $290.00 by the total potential
number of dwelling units permitted by the applicable zoning
regulation on ali lots created by the subdivision.