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AGREEMENT PROVIDING FOR STABILIZATION <br />OF MOBILEHOME SPACE RENTS <br />THIS AGREEMENT is entered into this _ day of , 2007 by and <br />between the following parties: <br />DANIEL GUGGENHEIM, as principal owner of Vineyard Mobile Park, 3263 Vineyard <br />Avenue, Pleasanton, (A.P.N. 946-1250-15-2), (hereinafter referred to as "Park Owner") and THE <br />CITY OF PLEASANTON, a municipal corporation, (hereinafter referred to as "City"). <br />RECITALS <br />A. There are four mobilehome parks within the City. There are a limited number of <br />vacant spaces in these parks and there are few additional mobilehome park spaces available in <br />the County and adjoining communities. <br />B. On January 19, 1988, the mobilehome park owners and the City entered into an <br />agreement providing for the stabilization of mobilehome rents (hereafter the January 19, 1988 <br />agreement). Prior to the January 19, 1988 agreement, some mobilehome space rents had <br />increased at a faster rate than the increase in the rate of inflation. <br />C. Prior to the January 19, 1988 agreement, the City Council had been petitioned by the <br />mobilehome residents to establish a rent stabilization ordinance. When the City Council <br />considered the ordinance, representatives of the park owners suggested that alternatives to the <br />establishment of a rent stabilization ordinance be considered. As a result of that suggestion, the <br />park owners negotiated the January 19, 1988 agreement, which stabilized rents in the <br />mobilehome parks within Pleasanton. <br />D. During 1991 the park owners and the mobilehome residents expressed to the City that <br />they were interested in negotiating a new agreement. The City sponsored and facilitated <br />extensive negotiations which led to a March 17, 1992 Mobilehome Rent Stabilization <br />Agreement. <br />E. The March 17, 1992 agreement was due to expire on December 31, 1996, and the <br />parties to that agreement met during 1996 to discuss the terms and conditions of a revised <br />Mobilehome Rent Stabilization Agreement. <br />F. The parties to the March 17, 1992 agreement reached agreement on a revised <br />Mobilehome Rent Stabilization Agreement ("the November 1996 agreement"). <br />G. The November 1996 agreement was due to expire on December 31, 2001 and the <br />parties (or their successors in interest) to that agreement met during 2001 to discuss terms and <br />conditions of a revised Mobilehome Rent Stabilization Agreement. <br />