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A. Subject to the exceptions and limitations in CVMC 12.24.080, every person causing development in the City, the cost of which exceeds $50,000, shall install, prior to the completion of such development, the following:

1. Sidewalks; curbs and gutters; pavement in streets, highways and alleys from the gutter or edge of travelway, if no gutters have been required, to the centerline or such portion of major streets in the same manner and to the same extent as that required for subdivisions; and

2. Any necessary drainage facilities; and

3. Any necessary street lighting, including ornamental lighting, where specific plans have been adopted that include standards of lighting requiring the installation of additional lighting units.

B. The cost of development that triggers the obligation for installation of improvements 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 § 3, 1993; Ord. 1566 § 1, 1974; Ord. 1205 § 2, 1969; prior code § 27.504).