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Attachment i AGREEMENT PROVIDING FOR STABILIZATION OF MOBILEHOME SPACE RENTS THIS AGREEMENT is entered into this day of , 2019 by and between PLEASANTON HACIENDA I, LP, as owner of Pleasanton Hacienda Manufactured Home Community, 3231 Vineyard Avenue, Pleasanton, (A.P.N. 946-1250-14-7), ("Property Owner") and THE CITY OF PLEASANTON, a municipal corporation, ("City"). RECITALS A. There are a limited number of vacant spaces in the mobilehome parks located within the City, Alameda County, and adjoining communities. B. In 1992, the City adopted the Mobilehome Ordinance in order to protect mobilehome park residents from rent increases that exceeded the rate of inflation. That ordinance allows mobilehome property owners to enter into agreements with the City pertaining to mobilehome rent stabilization such that the provisions of the Mobilehome Ordinance do not apply. C. The Property Owner or its predecessors entered into such rent stabilization agreements with the City in 1988, 1992, 1996, 2001,2007 and October 2013. D. The October 2013 agreement, which is subject to extensions, will expire soon and the parties desire to enter into this new Agreement. E. 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 accomplished at substantial cost, and in many instances may cause extensive damage to the mobilehome and loss of appurtenances such as integrated landscaping and supporting structures inconsistent with the new location. F. The Park is operated as a community for persons age 55 and over pursuant to the Federal Fair Housing Act, and most of the residents are senior citizens, many of whom are living on fixed incomes. The City Council is of the opinion that because mobilehomes are often owned by senior citizens,persons on fixed incomes, and persons of low and moderate income, exorbitant rent increases would fall upon these individuals with particular harshness. NOW, THEREFORE, in consideration of the faithful performance of the terms, conditions, covenants, and promises set forth herein,the parties agree as follows: 021538.0001\5359154.1 1