Where a fee is required to be paid, the amount of such fee shall be established by resolution.
The fees shall be based on the following formula:
L = Land (average acquisition cost per acre) updated annually based upon a yearly opinion of value the City Engineer's Office
D = Development cost per acre updated annually by Construction Price Index
S = Standard (master planned acreage per dwelling unit)
P = 3.56 persons/single-family detached unit
P = 2.80 persons/single-family attached unit
P = 3.93 persons/two-to-four plex units
P = 3.11 persons/five or more units
P = 2.51 persons/mobilehome dwelling unit
P = 1.50 persons/Platinum Triangle dwelling unit, any other provision hereof notwithstanding
(Ord. 3568 § 2 (part); July 27, 1976: Ord. 4913 § 4 (part); March 29, 1988: Ord. 5260 § 1 (part); October 8, 1991: Ord. 5966 § 32; April 26, 2005: Ord. 5977 § 7; June 14, 2005.)