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G. Under the then existing ordinance, the park owner of the property at 4202 Stanley <br />Boulevard (the Pleasanton Mobilehome Park) believed that the base year (i.e., 1992) rents were <br />not reasonable or did not reflect general market conditions and petitioned for an adjustment to <br />the base year rents. In 1995 a hearing officer determined that effective February 1, 1993, the <br />monthly rent for the spaces in that park was three hundred thirty five dollars ($335.00). The <br />hearing officer did not determine the monthly rents for 1992, but because those rents were <br />between two hundred twenty two dollars thirty one cents ($222.31) and three hundred two <br />dollars eleven cents ($302.11) (depending on the space), presumably those rents should have <br />been higher in 1992 (than the $222.31 to $302.11) in order to yield the three hundred thirty five <br />dollars ($335.00) per month rent effective February 1, 1993. Accordingly, should there ever be a <br />fair return adjustment petition for that park, the gross income for the base year (1992) shall be <br />deemed three hundred twenty eight dollars fifty five cents ($328.55) per space. <br /> <br /> H. The March 17, 1992 agreement was due to expire on December 31, 1996, and the <br />parties to that agreement met during 1996 to discuss the terms and conditions of a revised <br />Mobilehome Rent Stabilization Agreement. <br /> <br /> I. The parties to the March 17, 1992 agreement reached agreement on a revised <br />Mobilehome Rent Stabilization Agreement ("the November 1996 agreement"). <br /> <br /> J. The one park owner who had not entered into the March 17, 1992 agreement was <br />offered the opportunity to participate in the November 1996 agreement but again refused to do <br />SO. <br /> <br /> K. The November 1996 agreement is due to expire on December 31, 2001; the parties to <br />that agreement met during 2001 to discuss terms and conditions of a revised Mobilehome Rent <br />Stabilization Agreement. <br /> <br /> L. With the exception of one park owner (for the property at 785 Rose Avenue), the City <br />and the park owners have been unable to agree upon terms and conditions for a new agreement. <br /> <br /> M. Due to the lack of a significant vacancy factor and the high cost of moving <br />mobilehomes owned by the residents in the parks, the residents do not have an alternative of <br />relocating to other parks in which rents may be more reasonable. Mobilehome residents, unlike <br />apartment tenants or residents of other rental stock, are in the unique position of having made a <br />substantial investment in a residence for which space is rented or leased. Removal and/or <br />relocation of a mobilehome from a park space is not a practical alternative to accepting an <br />excessive rent increase in that it can only be accomplished at substantial cost, and in many <br />instances may cause extensive damage to the mobilehome and loss of appurtenances such as <br />integrated landscaping and supporting structures inconsistent with the new location. <br /> <br /> N. Two of the parks are senior parks and most of the residents are senior citizens, many <br />of whom are living on fixed incomes. Because mobilehomes are often owned by senior citizens, <br />persons on fixed incomes, and persons of low and moderate income, exorbitant rent increases fall <br />upon these individuals with particular harshness. <br /> <br />4 <br /> <br /> <br />