1998 MAY - Laserfiche WebLink

6.60.060 year's operating expenses; to the extent it does, the excess shall be carried over to the next year. (5) Calculate the real property taxes; provided, however, that if there has been a change of ownership and the real property taxes for the year (ending September 30) have increased more than 105% of the prior year's real prop- erty taxes, the real property taxes shall be calculated as set forth in subsection 6.60.065C of this Chapter. (6) Add (3) + (4) + (5) to the base rent to yield the monthly rent. (7) Add the capital improvement costs, if any, to (6). Round to the near- est half dollar. This yields the adjusted monthly rent. See the examples in Exhibits A-3 and A-4 at the end of this Chapter. (For purpose of these calculations, where the terms operating expenses and real property taxes are used, calculate these expenses by dividing such ex- penses by 12 and further dividing by the number of mobilehome spaces within the mobilehome park.) C. Rent Increases Upon Transfer Of Ownership: In addition to the rent in- creases provided in subsection A or B of this Section, until December 31, 2001, a park owner may increase the rent for a mobilehome space upon a transfer of ownership; provided, howev- er, that between January 1, 1997, and December 31, 2001, the cumulative increase shall not exceed twenty five percent (25%) of the monthly rent for the space existing on January 1, 1997. D. Increases Less Than Maximum Permitted: Nothing herein shall be con- strued to require that the park owner increase rents in any given year by the maximum permitted under this Chapter. If a park owner increases rents in any year by less than the maximum permit- ted pursuant to this Section, then the park owner shall have the right in the next subsequent year to increase rents by the difference between the maximum permitted rent increase pursuant to this Section for the two (2) year period and the actual rent increase in the first year. E. Compliance With State Law: Rent increases permitted pursuant to this Section shall not be effective and shall not be demanded, accepted, or retained until the park owner has given the notices required by State law. (Ord. 1701 § 1, 1997; Ord. 1588 § 1, 1993) 6.60.065 Calculations Of Real Prop- erty Taxes Upon Change Of Ownership: A. If there has been a change of ownership (see California Revenue and Taxation Code section 60 et seq.) and the real property taxes for the year (ending September 30) are more than 105% of the prior year's real property taxes, the real property taxes shall be calculated as follows: (a) the difference between the real property taxes for the year (ending September 30) that the real property taxes increased more than 5% as a result of a change in ownership and the prior year's real property taxes, with the difference in (a) first divided by the product of 12 and the number of (Pleasanton 5-98) 192-46