Reso 2005-069 - Laserfiche WebLink

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7. Periodic Review. During each fiscal year, the City Manager shall prepare a report for the City Council, pursuant to Government Code Section 66006, identifying the balance of Fee revenues in the Fee account and identifying the improvements to which the Fee has been applied during the previous fiscal year. 8. 5-Year Review. For the fifth fiscal year following the first deposit into the Fee account, and every five years thereafter, the City Council shall make findings with respect to the purpose of the Fee as described in Government Code Section 66001(d). Subsequent Analysis and Revision of the Fee. The Fee set herein is adopted and implemented by the City Council in reliance on the Record identified above. The City may continue to conduct further study and analysis to determine whether the Fee should be revised. When additional information is available, the City Council may review the Fee to determine that the Fee amounts are reasonablyrelated to the impact of development within the City. In addition to the inflation adjustments pursuant to Section 10, below, the City Council may revise the Fee to incorporate the findings and conclusions of further studies and any standards in the General Plan or the Master Plan, as from time to time amended by the City. 10. Fee Adjustments. Beginning July 1, 2006 and each July 1 thereafter, as follows, the City Manager shall adjust the amount of the Fee to account for inflation, according to the San Francisco Bay Area Consumer Price Index for All Urban Consumers or the Construction Cost Index, whichever is higher at the time of adjustment. 11. Credits and Reimbursement for Developer Constructed Facilities. The City and a developer may enter into an improvement agreement to allow the developer to construct certain of the Facilities. Such an agreement is totally discretionary on the part of the City. Such agreement shall provide for security for the developer's commitment to construct the Facilities and shall refer to this Resolution for credit and reimbursement. If the City enters into such an agreement with a developer prior to construction of one or more of the Facilities, the City shall provide the developer a credit in accordance with the following: a. Credit Amount. The credit shall be in the amount of the lowest bid received for construction of the facility, as approved by the City Engineer. However, in no event shall a credit pursuant to this provision exceed the current facility cost. For the purposes of this Section 11, such current facility cost shall be the amount listed in the Report for that particular facility as subsequently adjusted pursuant to Sections 8 and 9 of this Resolution prior to issuance of the building permit for RESOLUTION NO. 2005-069 7