A person permitted by <cite data-path="|7|§46-2">§ 46-2 of this subtitle</cite> to contribute to this fund in lieu of reforestation or afforestation shall make a payment to the Baltimore City Conservation Fund of $60,000 per acre of the area requiring planting or at a rate determined and adjusted periodically by the Planning Commission and approved by the Board of Estimates. A person permitted by <cite data-path="|7|§46-2">§ 46-2 of this subtitle</cite> to contribute to this fund in lieu of specimen tree mitigation shall make a payment to the Baltimore City Conservation Fund of $300 per inch of required mitigation, or at a rate as determined and adjusted periodically by the Planning Commission and approved by the Board of Estimates. City Code, 1976/83, art. 9A, §9-2 Ord. 93-170 Ord. 20-401