§ 23-781. Annual adjustment of impact fees.

Impact fees shall be automatically adjusted on October 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 or the Florida Department of Transportation Construction Cost Inflation Factors. 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 schedules 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. This section shall serve as meeting the 90 day notice requirement for new fees as required by Florida Statute.

(Ord. No. 2006-04, § 1, 2-21-06; Ord. No. 2012-03, § 6, 2-7-12; Ord. No. 2020-22, § 2, 9-22-20; Ord. No. 2022-38, § 1, 8-16-22)