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A. No building permit shall be issued for development in the City, the cost of which exceeds $50,000, until the owner of the parcel or property upon which the building is, or is proposed to be, situated shall have provided, by means of an offer of dedication or other appropriate conveyance, as approved by the City Attorney, a dedication of the following:

1. Any necessary street, highway, or alley right-of-way, if such street, highway, or alley right-of-way is shown or designated on the Street and Highway Element of the General Plan of the City or upon any specific plan adopted by the City Council, as such may presently exist or as they may, from time to time, be amended, in order to properly align curb, gutter, sidewalk or paving with the existing or planned improvements in the same block frontage, in accordance with said general or specific plans or standards; and

2. Any necessary City street that does not meet City standards, as such may presently exist or as they may, from time to time, be amended, in order to properly align curb, gutter, sidewalk or paving with the existing or planned improvements in the same block frontage in accordance with said City standards; and

3. Easements for storm drain or other public facilities necessary to properly align said facilities with existing or planned public facilities, in conformance with the adopted general or specific plans and studies as approved by the City Council; and

4. Any other easement necessary to connect said parcel or property to an existing paved roadway.

B. The cost of development that triggers the obligation for dedication in subsection (A) of this section shall be adjusted in either of the following manners:

1. Automatically on an annual basis, starting October 1, 2012, based on the one-year change (from July to July) in the 20-City Average Building Cost Index as published by the Engineering News Record from the date of the last adjustment; or

2. By City Council resolution adopting or amending a Council policy in which an alternate methodology for automatic, annual adjustments is identified or a different trigger amount is set. (Ord. 3223 § 1, 2012; Ord. 2541 § 2, 1993; Ord. 1205 § 2, 1969; prior code § 27.503).