(A) The new area development tax shall be paid as follows:
(1) Per gross acre prior to the recordation of annexation, $100; and
(2) Per dwelling unit prior to the city approval of final subdivision maps, use permits, or any other land entitlement, $120.
(B) The amount of tax shall escalate each July 1, beginning the first full year after the adoption of this chapter, at the rate of the Consumers Price Index for the San Francisco Bay Area, as calculated by the Finance Department.
('66 Code, § 3-8.05) (Ord. 542-C-S, passed 2-24-83)