15.12.050 Development impact fees.

(A) A traffic impact fee is imposed on new construction as set forth in this chapter. The fee shall be in accordance with the most recent Traffic Impact Mitigation Fee Nexus Study.

(B) The city at its sole discretion may adopt revised traffic mitigation impact fees based on the proportionate effects of inflation or changes to the cost of living. For purposes of calculation, the Engineering News Record 20-City Construction Cost Index shall be used for adjusting said fees. Said adjustments in accordance with this section may be approved by a resolution of the city council.

(C) The city, at its sole discretion, may adopt revised traffic mitigation impact fees based on a revised Traffic Impact Mitigation Fee Nexus Study adopted by resolution of the City Council pursuant to the Mitigation Fee Act.