§ 16-63. Periodic adjustment to park facility fees.

From time to time, the Feather River Recreation and Park District may submit documentation substantiating that there has been an increase in the cost of acquiring and/or developing park facilities within the Feather River Recreation and Park District, and requesting an increase in the park facility fees assessed and levied pursuant to the provisions of this article. The Board of Supervisors may increase this fee, in an amount proportional to the increase of such costs. The determination of whether there has been an increase in the cost of acquiring and/or developing such park facilities and the amount of the increase in the park facility fee, which is proportional to the increase in such costs, shall be made by the Board of Supervisors based on the following:

(a)

Information regarding the increase in the cost of acquiring and developing park facilities (other than the cost of acquiring park land): The net percentage increase in the Engineering News Record Construction cost index for San Francisco (using the CCI column of the "ENR City Cost Index - San Francisco") (based on 1913 U.S. average = 100) as last published in the Engineering News Record McGraw Hill Construction Weekly (or on the internet) between the date of such increase and the effective date of the ordinance codified in this section or any prior increase in the park facility fees made pursuant to the provisions of this section.

The formula for adjusting the fee is: (New index amount/amount of index at time of existing fee) × existing fee = new fee.

(b)

Information regarding the increase in the cost of acquiring park land: The net percentage change in the median home price pertaining to zip codes in the unincorporated areas of the district between the date of such increase and the effective date of the ordinance codified in this section or any prior increase in the park land fees made pursuant to the provision of this section.

The formula for adjusting the park land is: (Net percentage change in median home price in applicable zip codes × existing fee) + existing fee = new fee.

(Ord. No. 3886, § 2 (part), 10-26-2004; Ord. No. 3932, § 6, 3-28-06)