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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 Second Amendment to Agreement <br />Providing for Stabilization of Mobilehome Space Rents (copy attached) extends the <br />term of the 2007 agreement for an additional month, i.e, March, beyond the two month <br />extension previously approved by the park owner and the City. The Hacienda <br />Mobilehome Park Resident's Agreement Committee indicated it accepts the Second <br />Amendment and its terms in order to further continued good faith negotiations. <br />Submitted by: <br />Jonathan Lowell <br />City Attorney <br />Approved by: <br />Nelson Fialho <br />City Manager <br />Attachment: <br />1. Second Amendment to Agreement Providing for Stabilization of Mobilehome <br />Space Rents <br />Page 2 of 2 <br />