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Ordinance No. 1701 Page 10 6.60.065 Calculations of real property taxes upon change of ownership. A. If there has been a change of ownership (see California Revenue and Taxation Code §§60 et seq.) and the real property taxes for the year (ending 9/30) are more than 105% of the prior year's real property taxes, the real property taxes shall be calculated as follows: (a) the difference between the real property taxes for the year (ending 9/30) that the real property taxes increased more than 5% as a result of a change in ownership and the prior year*s real property taxes, with the difference in (a) first divided by the product of 12 and the number of spaces in the park and then further divided by four. [For example, assuming the real property taxes increased in 1999 more than 105% of the real property taxes in 1998 due to a change of ownership, for calculating the rent for 2000, (a) would be one-fourth of the difference between the 9/30/99 and the 9/30/98 real property taxes.] The remaining dollar difference calculated in (a) (i.e., three-fourths of the difference) shall be added over the next three years in equal increments. In those three years (and assuming no further change of ownership), the real property taxes shall be calculated as follows: in the first year, (a) above and (b) the difference between the real property taxes for the year following the year identified in (a) and the year identified in (a), with the difference divided by the product of 12 and the number of spaces in the park; in the second year, (a) + (b) above and (c) the difference in the real property taxes between the second year following the year identified in (a) and the first year following the year identified in (a), with the difference divided by the product of 12 and the number of spaces in the park; in the third year, (a) + (b) + (c) above and (d) the difference in the real property taxes between the third year following the year identified in (a) and the second year following the year identified in (a), with the difference divided by the product of 12 and the number of spaces in the park. This section shall survive the termination of this ordinance if while this ordinance is in effect (1) there has been a change of ownership, (2) the remaining dollar difference calculated in (a) above has not been fully recovered as provided in this section and (3) a new or revised ordinance providing for the stabilization of mobilehome rents has not been adopted. B. For 1998, if there has been a change of ownership (.see California Revenue and Taxation Code, §§60 et seq.), and the real property taxes for 9/30/97 are more than 105% of the 9/30/96 real property taxes, the real property taxes shall be calculated as follows: (a) the 9/30/96 real property taxes divided by the product of 12 and the number of spaces in the park; and (b) the difference between the 9/30/96 and the 9/30/97 real property taxes, first divided by the product of 12 and the number of spaces in the park, and then further divided by four. [For example, assuming the real property taxes increased in 1997 more than 105% of the real property taxes in 1996 due to a change of ownership, for calculating the rent for 1998, (a) would be the 9/30/96 real property taxes and (b) would be one-fourth of the difference between the 9/30/97 and the 9/30/96 real property taxes.] The remaining dollar difference (i.e., three-fourths of the difference) between the 9/30/96 and the 9/30/97 real property taxes shall be added in 1999, 2000 and