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Chico council approves ordinance to allow development-fee decreases tied to construction-cost indices
Summary
The Chico City Council voted 7-0 to approve an ordinance amending sections of the Chico Municipal Code to permit annual reductions in specified development-impact fees when construction-cost indices decline; council members said expanding the change to other fees would require a separate ordinance.
The Chico City Council voted unanimously to approve an ordinance amending portions of the Chico Municipal Code to allow certain development-impact fees to be reduced when applicable construction-cost indices decline.
Barbara Martin, administrative services director, told the council the ordinance corrects language that previously allowed only increases tied to the construction cost index and highway cost index. "Before you tonight is the ordinance that…
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