§ 23-780. Annual adjustment of impact fees.  


Latest version.
  • Impact fees shall be automatically adjusted on June 1 of each year for annual change in the Consumer Price Index (CPI) for Construction Products (the "Construction Costs Index") through March as published by the U.S. Department of Labor, Bureau of Labor Statistics. The adjustment shall be calculated by the finance director who shall revise the impact fee schedule and provide a copy of same to department heads as applicable. The revised impact fee schedule shall also be provided to the city clerk who shall attach it to the ordinance from which this section is derived in the official records of the city. Date of revision shall be clearly indicated on the revised schedule.

(Ord. No. 2006-04, § 1, 2-21-06; Ord. No. 2012-03, § 6, 2-7-12)