1998 MAY - Laserfiche WebLink

6.60.065 spaces in the park and then further divided by 4. (For example, assuming the real property taxes increased in 1999 more than 105% of the real prop- erty taxes in 1998 due to a change of ownership, for calculating the rent for 2000, (a) would be t/4 of the difference between the September 30, 1999 and the September 30, 1998 real property taxes.) The remaining dollar difference calculated in (a) (i.e., 3/, of the differ- ence) shall be added over the next 3 years in equal increments. In those 3 years (and assuming no further change of ownership), the real property taxes shall be calculated as follows: in the first year, (a) above and (b) the differ- ence between the real property taxes for the year following the year identified in (a) and the year identified in (a), with the difference divided by the product of 12 and the number of spaces in the park; in the second year, (a) + (b) above and (c) the difference in the real property taxes between the second year following the year identified in (a) and the first year following the year identi- fied in (a), with the difference divided by the product of 12 and the number of spaces in the park; in the third year, (a) + (b) + (c) above and (d) the difference in the real property taxes between the third year following the year identified in (a) and the second year following the year identified in (a), with the differ- ence divided by the product of 12 and the number of spaces in the park. This Section shall survive the termi- nation of this Chapter if while this Chapter is in effect: 1) there has been a change of ownership; 2) the remaining dollar difference calculated in (a) above has not been fully recovered as provid- ed in this Section; and 3) anew or revised ordinance providing for the stabilization of mobilehome rents has not been adopted. B. For 1998, if there has been a change of ownership (see California Revenue and Taxation Code section 60 et seq.), and the real property taxes for September 30, 1997, are more than 105% of the September 30, 1996 real property taxes, the real property taxes shall be calculated as follows: (a) the September 30, 1996 real property taxes divided by the product of 12 and the number of spaces in the park; and (b) the difference between the September 30, 1996 and the September 30, 1997 real property taxes, first divided by the product of 12 and the number of spaces in the park, and then further divided by 4. (For example, assuming the real property taxes increased in 1997 more than 105% of the real property taxes in 1996 due to a change of ownership, for calculating the rent for 1998, (a) would be the September 30, 1996 real proper- ty taxes and (b) would be 1/4 of the dif- ference between the September 30, 1997 and the September 30, 1996 real property taxes.) The remaining dollar difference (i.e., 3/4 of the difference) between the September 30, 1996 and the September 30, 1997 real property taxes shall be added in 1999, 2000 and 2001, in equal increments. In those 3 years (and assuming no further change of ownership), the real property taxes shall be calculated as follows: in 1999, (a) + (b) above and (c) the difference 192-47 (Pleasanton 5-98)