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After final execution of the latecomer reimbursement agreement, the Director shall cause it to be recorded with the Snohomish County Auditor. The cost of recording shall be paid/reimbursed by the Owner/Applicant. After recording, the Director shall cause a copy of the recorded agreement to be mailed to the Owner/Applicant and the Owners of real property within the reimbursement area by first class mail and certified mail, return receipt requested, and shall cause City records for land use development and utility systems to indicate, if feasible, the latecomer reimbursement charges against the burdened parcels.