A. When fees are required by this division to be paid in lieu of land dedication or as a combination; or both; such fees shall be computed and paid as determined by resolution of the city council; after consideration of the recommendation of the affected school district or districts.

B. The total land area determined pursuant to this section to be dedicated shall be at least equal in monetary value as to be fees which would be otherwise required by subsection A of this section.

C. Fees; but not necessary land to be dedicated; required pursuant to this section shall not exceed the amount necessary to pay five annual lease payments for the interim facilities. In lieu of the fees; the builder of a residential development may; at his or her option and at his or her expense; provide interim facilities owned or controlled by such builder at the place designated by the school district; and at the conclusion of the fifth school year the builder shall; at the builder’s expense; remove the interim facilities from such place.