No later than September 12, 2021, and at least every four (4) years thereafter, the
facilities director, in consultation with the planning director, shall review the
school impact fee schedule set forth in subsection 16-64(a), considering new data and technical information such as changes in costs, revenues,
student generation rates and other relevant factors. Also to be reviewed are the various
charges provided in this article to be retained by the board of county commissioners,
the municipalities and the school board for their costs incurred in connection with
administering this article. If the facilities director proposes amendments to such
fee schedule and charges, the proposed amendments shall be submitted to the school
board for review and recommendation. The school board shall forward its recommendation
regarding such amendments to the board of county commissioners, which may thereafter
amend such schedule and charges in such manner as it may deem appropriate.