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Agenda Item: Public Hearing on Intention to Increase Development Fees <br /> This update also proposes annual inflation adjustments to the impact fees based on the <br /> change in construction costs according to the Engineering News Record (ENR 20 City <br /> Construction Cost Index). The escalators would be triggered on January 1, 2007 and <br /> each succeeding January 1. <br /> Council adopted a notice of intention to increase development fees on June 13, 2006 <br /> and set the public hear for August 29, 2006. <br /> ITEM <br /> This item is the public hearing for the increase in development fees. <br /> The timeline for modifications to the impact fees follows: <br /> August 29, 2006 Public Hearing <br /> September 26, 2006 Council Considers Action on New Fees <br /> January 1, 2007 Fees Become Effective <br /> Recommended Action: Public Hearing <br /> 2 <br />