A.    A building permit applicant proposing to demolish or convert an existing development, as defined herein, shall be entitled to a credit against the CTIM fee for a new development on the same site.

    B.    The amount of credit attributed to a demolished or converted building shall be calculated by the director using the rates and amounts described in Section 15.44.080. (Ord. 2002-59 § 1 (part))