2002 FEBRUARY - Laserfiche WebLink

6.60.040 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 sec- tion 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. 1843 § 2, 2001) 6.60.050 Calculations Of Real Property Taxes Upon Change Of Ownership: For purpose of the calculations in this section, where the term real proper- ty taxes is used, calculate these taxes by dividing such taxes by twelve (12) and further dividing by the number of mobilehome spaces within the mobilehome park. A. Calculations For Formula A: If there has been a change of ownership (see California Revenue and Taxation Code section 60 et seq.) and, regardless of when the change of ownership has occurred, the real property taxes for the year (ending September 30) are more than 105% of the real" property taxes for the prior year (ending September 30), the real property taxes shall be calculat- ed as set forth herein. (1) Calculate the difference between the real property taxes for the year (ending September 30) in which the real property taxes in- creased more than 5% as a result of a change in ownership and the real prop- erty taxes in the prior year, with such difference divided by 4. (For example, assuming the real property taxes in- creased in 2003 (ending 9/30) by more than 105% of the real property taxes in 2002 (ending 9/30) due to a change of ownership, for calculating the rent for 2004, (1) would be '/4 of the difference between the September 30, 2003, and the September 30, 2002, real property taxes.) The remaining dollar difference calculated in (1) (i.e., 3/4 of the differ- ence) shall be added over the next three years in equal increments. In those three years (and assuming no further change of ownership), the real property taxes shall be calculated as follows: in the first year, (1) above and (2) the difference between the real property taxes for the year following the year identified in (1) and the year identified in (1); in the second year, (1) + (2) above and (3) the difference in the real property taxes between the second year following the year identified in (1) and the first year following the year identi- fied in (1); in the third year, (1) + (2) + (3) above and (4) the difference in the real property taxes between the ~ third year following the year identified in (1) and the second year following the year identified in (1). 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 (1) 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. Calculations For Formula B (2003): For calculating the monthly rents for 2003, if there has been a (Pleasanton February 2002) 192-46