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BACKGROUND <br /> City staff, members of the Hacienda Mobilehome Park Resident's Agreement <br /> Committee and the park owner have been working for several months on a new rent <br /> stabilization agreement. Progress is being made to reach agreement, but additional <br /> time is necessary to complete the negotiations. The First Amendment to Agreement <br /> Providing for Stabilization of Mobilehome Space Rents (copy attached) extends the <br /> term of the 2007 agreement and allows for a rent increase as contemplated under the <br /> 2007 agreement. The Hacienda Mobilehome Park Resident's Agreement Committee <br /> indicated it accepts the First Amendment and its terms in order to further continued <br /> good faith negotiations. <br /> Submitted by: Approv by: <br /> ■ <br /> Jonathan Lowell Nelson Fialho <br /> City Attorney City Manager <br /> Attachment: <br /> 1. First Amendment to Agreement Providing for Stabilization of Mobilehome <br /> Space Rents <br /> Page 2 of 2 <br />