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Linkage fee rates shall be set by City Council resolution and may be adjusted biennially in an amount equal to the percentage change, if any, in the construction cost index for Los Angeles for the corresponding period of time, as published by Engineering News Record/McGraw-Hill Construction Weekly or any substitute index that the City Council may adopt by resolution. In the future, the City Council may direct that further study and analysis be conducted to determine the continuing reasonableness of current fees and whether linkage fees should be applied to additional Nonresidential Use Categories.
(§ 1, Ord. 1506-NS, eff. October 9, 2008)