For the purpose of computing building permit fees, the estimated value of new construction and alterations shall be determined by the Code official by one of the following methods:
A. The Code official may accept an estimate furnished by the permit applicant.
B. The Code official may accept a certificate of the valuation of construction from a licensed architect or a registered structural or professional engineer.
C. The Code official may accept a copy of an executed contract from the owner or the owner's agent setting forth the value of the proposed work.
D. The Code official may estimate the value of new construction based on the most current Building Valuation Data (BVD) Table published by the International Code Council (ICC), rounded to the nearest dollar.
E. The Code official may estimate the value of alterations based on the following formula:
[Value/sq. ft. from BVD Table x 50% and rounded to nearest dollar = value/sq. ft. alterations]
F. The Code official may estimate the value of commercial site work, including grading, parking, landscaping, at ten dollars ($10.00) per square foot of gross site area. (Ord. M-42-18, 11-19-2018, eff. 1-1-2019; amd. Ord. M-2-23, 2-16-2023)