The City Council of the city may modify the fee established in § 7.10.050 annually by ordinance if the assumptions utilized in calculating the fee have changed. The Board of Public Utilities Commissioners may modify the fee established in § 7.10.060 annually by resolution if the assumptions utilized in calculating the fee have changed. The modifications adopted by ordinance and resolution will not be based on a change in the method of calculating the fees. Absent action by the City Council to modify the fees, each April of each year the chief financial officer shall review the current Engineering News Record Construction Cost Index (ENRCCI) for the cities of Los Angeles and San Francisco, California. When the average of the indices differs from the average of the indices for the preceding April 1, the factor of increase or decrease shall he applied to the fee established in § 7.10.050.
(1995 Code, § 7.10.100) (Ord. 06-2008, passed - -2006)