§ 70-119. Adjustments to fee structure.

(a)

Annual adjustment. The park impact fee formulas and schedules set out in subsection 70-114(c) shall be adjusted annually. The total value of the assets will be adjusted based on annual percentage changes in the Consumer Price Index (CPI). Annual changes shall be effective on May 1 of each year, based upon the index change for the 12 months ending on December 31 of the previous year.

(b)

Review. The district parks and local parks impact fee shall be reviewed by county council no less than once every six years. The review shall consider the adequacy of the service to meet the needs of new demands created by new developments. The purpose of this review is to analyze the effects of inflation on the actual acquisition and operation of the district parks and local parks. This review will consider any changes have occurred in county revenue sources and their effect upon the funding of the district parks and local parks.

(Ord. No. 90-1, § 109.00, 6-21-90; Ord. No. 95-35, § XIV, 9-7-95; Ord. No. 00-24, § 1, 7-6-00; Ord. No. 01-17, § 7, 8-2-01)