§ 4.60.140. Fee adjustment.

The board of supervisors may periodically review and cause an adjustment to be made to the development impact fees. By amendment to this chapter, the fees may be increased or decreased to reflect changes in actual and estimated costs of the facilities, including, but not limited to, debt service, lease payments, and construction costs. The adjustment in the fees may also reflect changes in the facilities required to be constructed, in estimated revenues received pursuant to this chapter, as well as the availability or lack thereof of other funds with which to construct the facilities. Any adjustment in the fees will be prospective only and will become effective as of the date any such amendment is effective.

A.

Development impact fees are adjusted annually to reflect inflationary changes. The annual adjustment occurs on July 1 ^st of each year to coincide with the fiscal year. The annual adjustment is calculated for the twelve-month period ending March 31 prior to the July 1 adjustment date. The application of the cost indices is as follows:

Engineering News Record Construction Cost Index shall be used to adjust: Criminal justice public facilities, library construction, fire protection facilities, transportation improvement facilities, traffic signals regional parks, regional trails, multi-service centers, and flood facilities; US Department of Labor Statistics Consumer Price Index, All Urban Consumers, Los Angeles-Riverside-Orange County shall be used to adjust library books/media.

(Ord. 659.7 § 14, 2006: Ord. 659.6 § 14, 2001)

(Ord. No. 659.13, § 17, 1-13-2015)