In connection with the issuance of a building or other permit, Conditional Use Permit, Minor Conditional Use Permit, Variance, or Development Agreement, the Director is authorized to require that the owner of a lot or parcel of land that adjoins a street dedicate a portion of the land for a right-of-way in accordance with the planned future ultimate width of a street as shown on the Master Plan of Streets, and make or pay for related street improvements, or both.