A. The methodology used to establish the reimbursement fee shall consider the cost of then- existing facilities, prior contributions by the then- existing users, the value of unused capacity, rate- making principals employed to finance publicly owned capital improvements, and other relevant factors identified by the Council. The methodology shall promote the objective that future systems users shall contribute no more than an equitable share of the cost of then-existing facilities.
B. The methodology used to establish the improvement fee shall consider the cost of projected capital improvements needed to increase the capacity of the systems to which the fee is related.
C. The methodology used to establish system development charges, improvement fee or reimbursement fee shall be established and may be revised by resolution of the Council.
D. The park and recreational space development charge as established by resolution of the Council shall be updated at least every 5 years. It has been determined that the construction cost index (CCI) is the accepted index used in adjusting historical costs for parkland improvements to establish the current cost for remaining city master park plan capital improvements. A final determination of the current cost for city master park plan capital improvements shall be made by the City Council based upon the current CCI and information submitted by the city staff.