16.72.020 Annual adjustment of fee schedule.
Beginning January 1, 2016, and each January 1st thereafter, the fee schedule shall be adjusted by the director of planning and community development in accordance with the most recent change in the Consumer Price Index (CPI) or other official measurement of inflation used by the city, as follows:
A. If the change in the CPI or other official measurement of inflation used by the city indicates an increase of less than one percent since the last adjustment of the fees listed herein, there shall be no increase for that year.
B. At such time that the change in the CPI or other official measurement of inflation used by the city for one or more years indicates an increase of one percent or more since the last adjustment of the fees, the fees in Section 16.72.010 shall increase by the cumulative percentage increase since the last adjustment of fees. (Ord. 3390-14 § 2, 2014.)