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ATTACHMENT 1 AGREEMENT PROVIDING FOR STABILIZATION OF MOBILEHOME SPACE RENTS THIS AGREEMENT is entered into this 1st day of October, 2013 by and between the following parties: PLEASANTON HACIENDA I, LP, as owner of Hacienda Mobilehome Park, 3231 Vineyard Avenue, Pleasanton, (A.P.N. 946-1250-14-7), (hereinafter referred to as "Property Owner") and THE CITY OF PLEASANTON, a municipal corporation, (hereinafter referred to as "City"). RECITALS A. There are four mobilehome parks within the City, one of which has recently been approved for conversion to a different use. There are a limited number of vacant spaces in these parks and there are a limited number of vacant mobilehome park spaces available in Alameda County and adjoining communities. B. In 1992 the City adopted a mobilehome park rent stabilization ordinance in order to protect mobilehome park residents from rent increases that exceeded the rate of inflation. That ordinance allows mobilehome park owners to enter into agreements with the City pertaining to mobilehome rent stabilization such that the provisions of the rent stabilization ordinance do not apply. C. The Property Owner or its predecessors entered into such rent stabilization agreements with the City in 1988, 1992, 1996, 2001 and October 2007. D. On December 26, 2012, the parties entered into a First Amendment to Agreement Providing for Stabilization of Mobilehome Space Rents Entered Into October 16, 2007 whereby the October 2007 agreement was extended, subject to certain provisions, until February 28, 2013. There have been several subsequent amendments extending the October 2007 agreement through September 2013 in order to facilitate the negotiation of this Agreement. E. The October 2007 agreement, as extended by various amendments thereto, is due to expire. F. The City Council finds that due to the lack of a significant vacancy factor and the high cost of moving mobilehomes owned by the residents in the parks, the residents do not have an alternative of relocating to other parks in which rents may be more reasonable. The City Council further finds that mobilehome residents, unlike apartment tenants or residents of other rental stock, are in the unique position of having made a substantial investment in a residence for which space is rented or leased and that removal and/or relocation of a mobilehome from a park space is not a practical alternative to accepting an excessive rent increase in that it can only be Agreement Providing for Stabilization of Mobilehome Space Rents October 1,2013 1