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CC - Agendas - City Council - REGULAR - 8/29/2006
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CC - Agendas - City Council - REGULAR - 8/29/2006
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Last modified
3/2/2022 4:28:20 PM
Creation date
3/2/2022 11:10:00 AM
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CC - Agendas
Department
City Clerk
Sub
Clerk Records
Content
Agendas
Committee Status
Current
Document Type
City Council
Meeting Type
REGULAR
Meeting Date
8/29/2006
Retention
Permanent
Retention Type
Permanent
Security
Public
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COP\torey.dawson
Scan Date
3/2/2022
Record Series
GS1016, #10260
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me. <br /> City of Prescott <br /> Impact Fees <br /> Escalator Calculation Example <br /> The website for Engineering News Record is: <br /> http://enr.con structi on.com/features/conEco/subs/recenti ndexes.asp <br /> The 20-City Construction Cost Index change for the year for December 2005 reflects a 4.6% change for the <br /> year as shown below: <br /> Construction Cost Index(CCI) <br /> 20-CITY: 1913=100 December2005 "o chance change <br /> Index Value Month Year - <br /> CONSTRUCTION 7646.87 +0.2 +4.6 <br /> COST <br /> Each impact fee would increase by 4.6% and would be rounded down to the nearest whole dollar. For <br /> example,if the impact fee were $6,015 the new fee would be calculated as follows: <br /> $6,015 x1.046= $6,291.69. <br /> The fee would be rounded down to $6,291. <br /> The same calculation would be performed for all impact fees and would be effective January 1 beginning in <br /> 2007 and each succeeding year. The fees covered under this report were based on the best available <br /> information on January 11, 2005. Since the fees will not become effective until late July it would be <br /> appropriate to increase the fees on January 1, 2007. <br />
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