The City Council may, in its discretion, grant an annual adjustment to the amounts established as the reimbursement fee at the time of the hearing on the Engineer’s report. In the event such an adjustment is deemed appropriate, it shall be applicable to the fee beginning on the first anniversary of the date of the Council’s approval of the application, be fixed and computed against the reimbursement fee as simple interest, and remain the same for each year the District exists.
(Prior Code, § 3.10.045) (Ord. 2011-02, passed 1-24-2011)