Effective with the ordinance codified in this chapter, the city shall establish and amend by resolution its fee schedule yearly to be effective July 1st.

Inflationary cost impacts shall be measured and calculated each March by the community development director and approved by city council by using the Pacific Northwest construction cost changes in the Engineering News-Record Construction Cost Index (ENR Index). All calculations shall be carried out to the hundredths place. A final product ending in $0.49 or less shall be rounded down to the nearest dollar, $0.50 or more up to the next dollar. [Ord. 920 § 1, 2016.]