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6.60.100
<br />as to Fairview trailer park and/or the
<br />Pleasanton mobilehome park, they ex-
<br />ceed two thousand dollars ($2,000.00);
<br />provided, however, that if in any one
<br />year the park owner of the Vineyard
<br />mobile villa and/or the Hacienda
<br />mobilehome park constructs two (2) or
<br />more capital improvements, the cost of
<br />which each exceeds five thousand dol-
<br />lars ($5,000.00), then such costs may
<br />be amortized over a three (3) year
<br />period. Except as provided in the previ-
<br />ous sentence, capital improvement costs
<br />are to be calculated on an improvement
<br />by improvement basis and not collec-
<br />tively, although costs can be accumu-
<br />lated for the same capital improvement
<br />over a twelve (12) month period. Any
<br />costs as to any particular capital im-
<br />provement that are under the threshold
<br />amounts ($10,000.00/$2,000.00) shall
<br />not be amortized. Any capital improve-
<br />ment costs that are for maintaining,
<br />replacing or repairing utilities shall not
<br />be amortized if the park owner receives
<br />a reimbursement from a utility compa-
<br />ny for that purpose.
<br />B. Amortization Periods, Vineyard
<br />Mobile Villa And Hacienda Mobile-
<br />home Park: For the Vineyard mobile
<br />villa and the Hacienda mobilehome
<br />park, the capital improvement amorti-
<br />zation periods shall be as follows:
<br />$10,000.00 - $14,999.00 3 years
<br />15,000.00 - 19,999.00 4 years
<br />20,000.00 - 29,999.00 5 years
<br />30,000.00 - 39,999.00 6 years
<br />40,000.00 - 49,999.00 7 years
<br />50,000.00 + 8 years
<br />C. Amortization Periods For Parks
<br />With Less Than Fifty Spaces: For any
<br />park with less than fifty (50) spaces,
<br />the capital improvement amortization
<br />periods shall be as follows:
<br />$ 2,000.00 - $ 3,499.00 2 years
<br />3,500.00 - 5,999.00 3 years
<br />6,000.00 - 8,999.00 4 years
<br />9,000.00 - 13,999.00 5 years
<br />14,000.00 - 19,999.00 6 years
<br />20,000.00 - 29,999.00 7 years
<br />30,000.00 + 8 years
<br />D. Financing Costs: If the capital im-
<br />provement costs are amortized, the park
<br />owner may include reasonable financ-
<br />ing costs, not to exceed the prime rate
<br />plus two percent (2%), for the capital
<br />improvement costs.
<br />E. Removal Of Capital Improvements
<br />Costs From Space Rent: Whenever a
<br />capital improvement cost has been
<br />amortized and passed through to the
<br />residents in the form of a rent increase
<br />on their monthly rent statements, the
<br />owner shall remove this cost as a line
<br />item on the monthly rent statements
<br />once the owner has fully recovered
<br />such cost.
<br />F. Resident Approval For Certain
<br />Capital Improvement Costs: Capital
<br />improvement costs over ten thousand
<br />dollars ($10,000.00) (for Vineyard
<br />mobile villa and Hacienda mobilehome
<br />park) and over two thousand dollars
<br />($2,000.00) (for Fairview trailer park
<br />and the Pleasanton mobilehome park),
<br />other than capital improvement costs
<br />required to comply with a city, county,
<br />192-59 (Pleasanton April 2003)
<br />
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