16.50.040   Fees schedule and computation of fee.
   A.   The City Council shall establish by resolution a schedule of fees to be imposed on new development, calculated to provide the sum of money necessary to pay the estimated total capital costs of the General Governmental Facilities, as identified in and in the manner prescribed by the October 8, 2004 fee study approved by council, to serve new development within the urban growth boundary. Subsequent revised fee schedules shall become effective sixty (60) days after the adoption thereof following a Public Hearing before the City Council.
   B.   Annual review of the fee schedule initially adopted by ordinance will be made in the following manner. 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 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 General Governmental Facilities impact fee rates may be multiplied by said factor to determine the adjusted schedule of fees. The chief financial officer shall present the new fee schedule for adoption by resolution of council after at least one public hearing.
   C.   If in the determination of the chief financial officer the adjustment of the schedule of fees produced by the procedure in Subdivision (B) above of this section is not representative of the actual change in costs of the planned General Governmental Facilities, the chief financial officer may, in lieu of such procedure compute a new schedule of fees calculated to provide the sum of money necessary to pay the capital costs of the General Governmental Facilities.
   D.   At least once every five (5) years, the council shall review the basis for the impact fees to determine whether the fees are still reasonably related to the needs of new development. If it is necessary to update the previously approved fee study to do so, council may amortize the cost of doing so over the following five (5) year period and include such cost as an element of the impact fee. (Ord. 2017-01 (part), 2017: Ord. 2005-04 (part), 2005)