ak in its operations exceeding two years; (b) Has no more than 50 full-time employees and/or shareholders; (c) Has contributed to the neighborhood’s history or the identity of a particular neighborhood or community; (d) Has one or more employees that can serve multi-lingual members of the community; (e) Accepts government issued assistance such as EBT; and/or (f) Pays employees a living wage per LAAC Division 10, Chapter 1, Article 11 (“City’s Living Wage Ordinance”). C. Downtown Community Benefits Fee (CBF). 1. Applicability. A Project located in the Downtown CPIO District Community Benefits Subarea (Subarea A) is eligible to pay the fee (Downtown CBF) described in this Subsection, provided all applicable requirements in the Downtown CPIO District are met. 2. Fee Rate. The Downtown CBF shall be fifty dollars ($50) per square foot of additional floor area incentive granted, up to the Project’s maximum bonus floor area ratio (FAR), subject to an annual adjustment pursuant to Subdivision 4., below. 3. Time of Payment. The Downtown CBF shall be paid prior to the issuance of any CPIO Approval for a project seeking development incentives under Section 11-6 (Community Benefits Fund Incentive) of the Downtown CPIO District. 4. Annual Indexing. The Downtown CBF rate shall be adjusted as follows: (a) The fee shall be increased (or decreased) as of July 1 of each year by the amount of the percent increase (or decrease) in the Engineering News-Record (“ENR”) Building Cost Index for Los Angeles, or other comparable City Building Cost Index as determined by City Planning. (b) If City Planning determines that the City’s Building Cost Index described in Subdivision 1., does not adequately reflect the actual increase or decrease in costs, then City Planning shall recommend to the City Council, based on a written report, that the City Council adopt different cost figures for purposes of this Section. Upon receipt of a report, and after public hearing, the City Council may, by resolution, adopt these different cost figures to be used for the annual adjustment of the Downtown CBF. 5. Community Benefits Trust Fund. All Downtown CBF monies shall be deposited into the Downtown Community Benefits Trust Fund (Downtown CBTF), established in Los Angeles Administrative Code Section 5.115.19 , and shall be used to award Community Benefits Projects pursuant to this Section. D.