In addition to the fair pro rata charge imposed by the latecomer agreement, the city shall charge a fee of five percent of the amount collected from a latecomer to cover the city’s administrative costs of collecting and dispersing reimbursed amounts. Collected latecomer agreement fees disbursed to the developer shall be less the five percent charge. The developer shall pay all costs of recording the latecomer agreement with the Pierce County auditor’s office, as required by law (RCW 65.08.170). (Ord. 942 § 1, 2003).