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Portland Land Use Code

Citation
Portland Land Use Code
Parent Document
Portland Land Use Code
Jurisdiction
Portland (municipal)

Other Sections in This Document (765)

Full Text

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the credit, the applicant shall pay the difference. If                         less than the credit, then the applicant shall not be
the impact fee calculation for the post-                                       required to pay an impact fee.
development condition is less than the credit, then
the applicant shall not be required to pay an                                  15.4 ANNUAL ADJUSTMENT OF IMPACT FEE
impact fee.                                                                    To account for inflation, there shall be an automatic
                                                                               annual increase in the impact fee schedule reflected
15.3.6        Changes of use                                                   in this ordinance every January 1 based on the
In calculating the impact fee for changes of use,                              change in the construction cost index as published
each developed property shall be credited with an                              by Engineering News Record. The fee adjustment
amount equal to the fee for the use in the highest                             shall be calculated by dividing the index amount
fee category that has existed on the developed                                 published on January 1 of the current year by the
property within the previous 10 years. If the impact                           index amount published on January 1, 2018 and
fee calculation for the proposed use is greater than                           multiplying the resulting ratio by each fee amount.
the credit, the applicant shall pay the difference. If                         Annual adjustments shall be made available for
the impact fee calculation for the proposed use is                             public reference.