(a) An applicant shall pay or agree to pay the direct costs of evaluating its application in advance unless this cost is waived by resolution of the City Council for good cause. The City Council or its City Manager will determine the direct cost of evaluating the application. No application will be finally considered until the cost is fully paid. A contractual agreement may be authorized and entered into by the City Council whereby the applicant shall guarantee a sum certain to cover the direct costs and fees in evaluating the application by the City’s bond counsel and its financial advisor. Said contract may provide for the payment of a retainer to the City to insure the availability of funds to pay for the aforementioned services.

(b) An applicant may also be required to pay a financing fee equal to a certain percentage of the total amount of financing as determined by the City Council to defray expenses of the City except that the City Council may elect to waive such a fee should the circumstances so warrant.

(c) Enumeration of costs and fees in this section does not constitute a limitation upon other costs and fees that may be prescribed by law or contract.