A. The amount of the acquisition fee and the development fee for each type of dwelling unit shall be based on the average number of persons per household for each dwelling type and the cost of acquisition and development for park and recreation facilities.
B. The city shall establish by resolution the estimated per-acre cost of land acquisition and park development. The schedule of fees shall be those amounts as established by Resolution No. 97-39 of the city council and shall remain in effect until July 1, 1998. Effective July 1, 1998, and each succeeding July 1 thereafter, said schedule of fees shall be adjusted in accordance with the following criteria:
1. On April 1st of each year the city engineer shall review the current Engineering News Record Construction Cost Index (ENRCCI) for the cities of Los Angeles and San Francisco, CA. When the average of such indices differs from the average of the indices for the preceding April 1st, the factor of increase or decrease shall be applied to the schedule of fees. Such factor shall be computed by dividing the average ENRCCI for the current April 1st by that pertaining to the previous April 1st. The individual park fee rates may be multiplied by the factor to determine the adjusted schedule of fees. The engineer shall present the new fee schedule for adoption by resolution of council after at least one public hearing.
2. If in the determination of the engineer the adjustment of the schedule of fees produced by the procedure in subdivision 1 of this subsection is not representative of the actual change in costs of the planned park and recreation facilities, the engineer may, in lieu of the procedures set forth in said paragraph, compute a new schedule of fees for adoption by resolution of the council. The city council may adopt the new fee schedule upon a majority vote after at least one public hearing. (Ord. 9719 § 6, 1997)