§ 4.04.190. Annual adjustment  


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  • This chapter shall be updated annually on or about the first day of January by an adjustment of all fees contained herein, as set forth below.

    Said annual adjustment shall, at a minimum, be made by multiplying each fee included in this chapter by a fraction, the numerator of which is the ENR Construction Cost Index for San Francisco for the most recent October, and the denominator of which is the ENR Construction Cost Index for San Francisco for the next preceding October, as reported by Engineering News-Record, the McGraw-Hill Construction Weekly. The result of said multiplications shall be rounded to the nearest five dollar ($5.00) increment to become the fee amounts for the ensuing year, effective sixty (60) days after adoption of the revised fee amounts. Additional increases in the connection fees necessary to recover costs of projected capital improvements shall be at the discretion of the board of trustees.

    Nothing in this chapter shall preclude the board of trustees from adopting fees other than those as provided herein to be effective on any other date.

(Ord. No. 2011-70A.1, § 2, 1-11-2011; Ord. No. 2012-70A.1, § 2, 12-13-2011)