§ 27-4.12. Fee and Fee Escalators.

a.

The development impact fee for residential or mixed use is nine hundred eighty-seven thousand nine hundred sixty-six ($987,966.00) dollars per acre, and for commercial use is eight hundred fifty-nine thousand eight hundred ten ($859,810.00) dollars per acre.

b.

A resolution may provide for an annual increase in the amount of the fee to reflect the percentage increase in the cost of construction or public improvements as reported in the Engineering News Record Construction Cost Index for the San Francisco Bay Area, or similar index if this one is not published.

c.

The development impact fee may be adjusted from time to time, based upon amendments or updates to the Nexus Study, to reflect extraordinary changes in the cost of construction of any of the improvements listed in Appendix C of the Nexus Study, changes in the levels of actual or projected development, or the actual or estimated proportionate share of costs as determined by additional or amended engineering analysis.

(Ord. No. 3098 N.S., 7-15-2014)