§ 3-165. Annual fee adjustment.

The fee schedule shall, effective January 1 of each year, be increased or decreased by the Director of Development Services in an amount corresponding to the net percentage increase or decrease in the Engineering News Record Construction Cost Index for San Francisco ("ENR CCI"), based on 1913 U.S. average = 100, or other similar index.

The most recent available ENR CCI shall be furnished to the Director by the Department of Public Works not later than December 10 of each year.

The most recent ENR CCI, namely the index dated March 2002, is 7683.68.

The formula for adjusting the fees at the time of such reviews will therefore be:

(New index/2002 index) x existing fee = new fee.

(Ord. No. 3841, § 1, 12-10-02)