A. The owner or person making application for a permit to develop or modify use of any residential, commercial, industrial or other property shall pay a sewer capacity charge. All revenue derived from such fees shall be deposited in the trunk sewer capital reserve fund. The amount of such charge shall be the required fee(s).

B. The amount of the fee shall be adjusted, starting on October 1, 2015, and on each October 1st thereafter, based on the one-year change (from July to July) in the Los Angeles Construction Cost Index as published monthly in the Engineering News Record. Adjustments to the above charge based upon the Construction Cost Index shall be automatic and shall not require further action of the City Council. (Ord. 3314 § 3, 2014; Ord. 2547 § 6, 1993; Ord. 2506 § 1, 1992; Ord. 2466 § 7, 1991; Ord. 2107 § 1, 1985).