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THE CITY OF <br />i <br />~ ~ ~~. ~u <br />j~L£~S~4NTONo <br />March 20, 2007 <br />City Attorney <br />TITLE: SECOND AMENDMENT TO THE MOBILEHOME RENT STABILIZATION <br />AGREEMENT <br />SUMMARY <br />The City's agreement with the mobilehome park owners was due to expire on <br />December 31, 2006 but by agreement of the parties, it was extended to March 31, <br />2007. Negotiations concerning the terms and conditions for a new agreement are <br />progressing but cannot be competed by the end of March. The owners have agreed to <br />extend the agreement to July 31, 2007. Council action is required to extend the <br />agreement. <br />RECOMMENDATION <br />Authorize the City Manager to sign the Second Amendment. <br />2 <br />CITY COUNCIL AGENDA REPORT <br />FINANCIAL STATEMENT <br />There is no financial impact to the City nor, importantly for this item, to the residents of <br />the mobilehome parks. <br />