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33 Mr. Tarvet further stated there are changes that need to be made for the sake of equity. The fees need to be adjusted so there is a percent return on the decision that is rendered. The ordinance should contain the same provisions, such as vacancy decontrol, that a're included in the agreement. Ms. Mohr indicated in the beginning the City was reluctant to adopt an ordinance. There is a constituency that requires some level of protection. Regarding fair market rents, she indicated fair market is what a willing buyer and willing seller agree to. In an artificial situation such as this, that can't happen because the tenants have no alternative. There are no more mobilehome parks because with 8-9 units to the acre a landowner or developer can make a lot more money building townhouses than in putting in mobilehome parks, considering the current land values. She has wanted to have more mobilehome parks, but the opportunity has never arisen. With regard to fair return to the investor, it is relative to the economy. She would like to offer Mr. Pico thirty days to try to resolve the issue. She understands it is not easy for the property owner due to the "club" of the ordinance hanging over his head. Mr. Pico requested clarification that if the ordinance is adopted, then if the park owner enters into an agreement, the ordinance would not apply to the owner. He urged adoption of the ordinance and hopefully the owner will then reach agreement with the City. Ms. Mohr did not want to introduce the ordinance because of the distinction between "club" and "incentive." Also she understood that there were points in the ordinance which Council wanted to modify. It makes more sense to give direction to staff and adopt it later. Mr. Tarver pointed out that staff had requested adopting the ordinance on an urgency basis to protect the tenants from rent increases. Mr. Roush indicated that in the event Mr. Wagner does not agree to postpone raising rents until agreement is reached, there is still 60 days from the notice of increased rent, during which an ordinance could be adopted and go into effect. Ms. Scribner asked the owner if he would agree not to raise rents for thirty days pending further negotiations. Mr. Wagner's attorney indicated agreement. It was moved by Ms. Mohr, seconded by Ms. Scribner, to direct Councilmember Pico to convene meetings with the property owners and other affected parties, and whomever else he deems appropriate over the next thirty days, and bring back the matter to Council. 1/5/93 33