All city departments which grant permits or entitlement under this title which impose or provide mitigation measures or conditions which require monitoring shall as a further condition of granting the permit or approving the entitlement specify that such monitoring shall be conducted and that the cost thereof shall be borne by the property owner or other person obtaining the permit or entitlement and shall be paid according to the provisions of this chapter.

The planning director shall, at the time of the granting of the permit or approval of the entitlement, submit to the approving agency his/her reasonable estimate of the administrative cost of monitoring the mitigation measures or conditions. Such approving agency shall as a condition of approval require the owner or the other person obtaining the permit or entitlement to deposit that amount on a one-time or annual basis.

If the deposit is required on an annual basis, it may be adjusted in subsequent years, by agreement of the planning director and the owner or by subsequent action by the authorizing agency at the request of the planning director or owner.