ORD 1701 - Laserfiche WebLink

Ordinance No. 1701 Page 14 rent increase needed to cover increases in operating expenses and real property taxes shall be calculated in the following manner which is structured to permit growth of the net operating income of the park and to provide a fair and reasonable return on investment based upon objective standards: (Subsections 1 and 2, no change.) (Section H, no change.)" Section 2: Section 1 (part) of Ordinance 1588 and Section 6.60.080 of the Pleasanton Municipal Code are hereby amended to read as follows: "6.60.080 Fair return adiustment procedures. A. Fair return petitions. (Subsection 1, no change.) 2. A fair retum petition shall contain at least the following information: (Paragraphs a - d, no change.) e. The actual operating expenses and real property taxes by category for the mobilehome park for a two (2) year period ending no more than four (4) months before the proposed effective date of the increase; (Paragraphs f-j, no change.) (Subsections 3 - 4, no change.) (Sections, B - K, no change.)" Section 3: Section 6.60.115 is hereby added to the Pleasanton Municipal Code to read as follows: "6.60.115 Maintenance of amenities and service levels. As of the effective date of this Ordinance, each park owner provides certain amenities and service levels to the home owners. No park owner with 50 or more spaces shall increase these amenities or service levels such that the expenses relative thereto increase more than $500, or more than 5% over such expenses for the prior year (ending 9/30), whichever is less, unless (a) the increases in expenses above $500 (or the 5%) are not passed on to the home owners by a rent increase, (b) the home owners give their prior approval, or (c) the PMC, after review of the