Fees may be waived by the planning director for projects involving the construction of low income housing. A covenant shall be recorded on the property that runs with the title to the land committing the owner and all future owners, heirs or assigns to maintaining the same number of low income housing units for a minimum of thirty years from the date of approval, or if converted to housing not for low income households, the applicable permit fees at the time of conversion shall be paid to the city. (Ord. 3390-14 § 4, 2014.)