§ 15.68.050. Amount of impact fee.

Latest version.

The impact fee shall be calculated for each development project as follows:
(number of gross square feet in the development project devoted to office or warehouse/distribution uses minus 25,000 square feet) × $4.00 = the amount of the fee.

The applicable dollar multiplier shall be adjusted yearly on July 1st beginning on July 1, 2006, by the City Administrator in accordance with the percentage increase or decrease in the residential building cost index published by Marshall and Swift, or if such index ceases to be published, by an equivalent index chosen by the City Administrator, with appropriate adjustments for regional and local construction costs as necessary.

(Ord. No. 13365, § 7, 5-3-2016; Ord. 12442 § 2 (part), 2002)

                    
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