§ 24-141. Review and automatic adjustment of fees.

(a)

The libraries impact fee shall be adjusted by the county administrator in April of each calendar year. Unless otherwise directed by the county commission, any adjustments to the libraries impact fee, made pursuant to this section, shall be effective the first Monday in October of each calendar year. All adjustments to the libraries impact fee shall be based on the methodology described in subsection (b) of this section.

(b)

The base for computing any adjustment is the January Consumer Price Index—All Urban Consumers for the United States, published by the United States Department of Labor Bureau of Labor Statistics. For the purpose of this section the initial index to be referenced is January 1996. The library impact fee shall be adjusted by the percentage change in the index.

(c)

If the index is changed so that the base year is different, the index shall be converted in accordance with the conversion factor published by the United States Department of Labor, Bureau of Labor Statistics. If the index is discontinued or revised, such other government index or computation with which it is replaced shall be used in order to obtain substantially the same result as would be obtained if the index had not been discontinued or revised.

(d)

The board of county commissioners shall review the libraries impact fee at least once every five years from the effective date of the ordinance from which this article is derived (January 1, 1996).

(Code 1982, § 1-11-28; Ord. No. 95-039, pt. A, 9-19-1995)