A. The fee schedule will be amended to reflect changes to the Capital Facilities Plan incorporated and adopted as Appendix C of the Comprehensive Plan. Amendments to the schedule for this purpose shall be adopted by the Council.

B. The fee schedule shall be indexed to provide for an automatic fee increase each January 1st beginning in the year 2025. The June-to-June Seattle-Tacoma-Bellevue Area Consumer Price Index (CPI-W) will be used to determine the increase in fees for each year to reflect increased project costs. In the event that the fees are increased during the preceding calendar year due to changes to the Capital Facilities Plan pursuant to subsection A of this section, the fees will not be indexed the following January. The Finance and Administration Department shall compute the fee increase and the new schedule shall become effective immediately after the annual fee increase calculation.

C. A new rate study shall be updated every three (3) years, unless the City determines that circumstances do not warrant an update.

D. Council shall review the efficacy of this chapter every three (3) years to determine whether any changes are needed. (Ord. 3037, 10/24/23)