ORD 1847 - Laserfiche WebLink

Ordinance No. 1847 Page Three F. Resident Approval for Certain Capital Improvement Costs. Capital Improvement costs over $10,000 (for Vineyard Mobile Villa and Hacienda Mobilehome Park) and over $2,000 (for Fairview Trailer Park and the Pleasanton Mobilehome Park), other than Capital Improvement costs required to comply with a city, county, state or federal government act or regulation, shall require the prior approval of the Residents in order for the Park Owner to amortize and pass through to Residents such costs. Capital Improvement costs to rehabilitate or replace existing Capital Improvements (as set forth on Exhibits D-l, D-2 and D-3) shall not require prior approval of the Residents in order for the Park Owner to amortize and pass through to the Residents such costs unless such amortized costs in any one year exceed mom than two percent of the lowest monthly rent then in effect to unless such amortized costs, during the term of this Agreement, exceed more than six percent of the lowest monthly rent then in effect; provided, however, that as for the Falrview Trailer Park, such costs may exceed the two percent and six percent limitations but only if the City has reviewed the proposed Capital Improvement to be replaced or rehabilitated and determined that such Capital Improvement is necessary for the health and safety of the Residents and that the cost is reasonable. Where "prior approval" is required the Park Owner shall put the matter to a vote of the Residents (on the basis of one vote per household) and "prior approval" shall mean fifty percent (50%) plus one of the total number of households that cast votes. Thirty days prior to putting the matter to a vote or, in the case of a replacement or rehabilitated Capital Improvement that does not require a vote, thirty days before incurring the costs for such Improvement, the Park Owner shall inform the Residents of the proposed Capital Improvement, its estimated costs, and the estimated increase in monthly rents and for what length of time the rent would be increased. The Residents may request the City to review the cost estimate of the proposed Capital Improvement, whether the Capital Improvement is new or to replace/rehabilitate an existing Improvement. Subsections G-H, no change.