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the Prime Rate plus two percent (2%) for the Capital <br />Improvement costs. Any principal and interest amounts so <br />amortized and charged to the Home Owners shall be removed from <br />their scheduled space rent at the end of the scheduled payback <br />period. Capital Improvement costs shall not be amortized <br />unless they exceed $1,000. <br /> <br />B. Home Owner Approval for Certain Capital Improvement <br />Costs. Capital Improvement costs over $5,000, other than <br />substantial rehabilitation of existing improvements or other <br />than Capital Improvement costs required to comply with a <br />governmental act or regulation, shall require the prior <br />approval of the Home Owners in order for the Park Owner to use <br />such costs in calculating an increase in monthly rents. The <br />Park Owner shall put the matter to a vote of the Home Owners <br />and "prior approval" shall mean fifty percent (50%) plus one <br />of the total number of Home Owners who cast votes. Capital <br />Improvement costs which are under an annual cumulative sum of <br />Five Thousand Dollars ($5,000.00), or which are required in <br />order to comply with a governmental act or regulation, may be <br />used by the Park Owner in calculating an increase in monthly <br />rents without prior approval of the Home Owners. <br /> <br />C. Information Statement to Home Owners. If the notice <br />informing Home Owners of the increase in rents includes any <br />allocation for Capital Improvement costs, then that notice <br />shall also include an itemization of what Capital Improvements <br />were made and at what cost. <br /> <br />D. Duty to Maintain a Safe Premises. Disputes regarding <br />whether a given Capital Improvement is required by a <br />government act or regulation, such as the duty of the Park <br />Owner to maintain safe premises, shall be referred to the PMHC <br />for resolution. <br /> <br />Section 6.60.060 Annual Space Rent Adjustments. <br /> <br />A Park Owner shall only adjust Monthly Rents or Adjusted <br />Monthly Rents as provided in subsection A or in subsection B. <br /> <br />A. Monthly Rents shall be adjusted on an annual basis and <br />shall be equal to or less than: <br /> <br /> 1. 100% of the Cost of Living, but not more than 5% of <br /> the Monthly Rent or Adjusted Monthly Rent; plus <br /> <br /> 2. Amortized Capital Improvement costs as provided in <br /> Section 6.60.050 of this Chapter. <br /> <br />B. Monthly rents shall be adjusted on an annual basis and be <br />equal to or less than: <br /> <br /> - 7 - <br /> <br /> <br />