In addition to the fair pro rata charge imposed by the latecomer agreement, the city shall charge a fee of 10 percent of the amount collected from an owner under the latecomer agreement to cover the city’s administrative costs of collecting and dispersing reimbursed amounts. Collected latecomer agreement fees disbursed to the contracting party shall be less the 10 percent charge. The owner of the real estate with whom the latecomer agreement is executed shall pay all costs of recording the latecomer agreement with the Snohomish County auditor’s office, as required by law. (Ord. 1182 § 1, 2006).