02 AGREEMENT HACIENDA - Laserfiche WebLink

AGREEMENT PROVIDING FOR STABILIZATION OF MOBILEHOME SPACE RENTS THIS AGREEMENT is entered into this day of , 2007 by and between the following parties: PLEASANTON HACIENDA I, LLC, as owner of Hacienda Mobilehome Park, 3231 Vineyard Avenue, Pleasanton, (A.P.N. 946-1250-14-7), (hereinafter referred to as "Property Owner") and THE CITY OF PLEASANTON, a municipal corporation, (hereinafter referred to as "City"). RECITALS A. There are four mobilehome parks within the City. There are a limited number of vacant spaces in these parks and there are few additional mobilehome park spaces available in the County and adjoining communities. B. On January 19, 1988, the mobilehome park owners and the City entered into an agreement providing for the stabilization of mobilehome rents (hereafter the January 19, 1988 agreement). Prior to the January 19, 1988 agreement, some mobilehome space rents had increased at a faster rate than the increase in the rate of inflation. C. Prior to the January 19, 1988 agreement, the City Council had been petitioned by the mobilehome residents to establish a rent stabilization ordinance. When the City Council considered the ordinance, representatives of the park owners suggested that alternatives to the establishment of a rent stabilization ordinance be considered. As a result of that suggestion, the park owners negotiated the January 19, 1988 agreement, which stabilized rents in the mobilehome parks within Pleasanton. D. During 1991 the park owners and the mobilehome residents expressed to the City that they were interested in negotiating a new agreement. The City sponsored and facilitated extensive negotiations which led to a March 17, 1992 Mobilehome Rent Stabilization Agreement. E. The March 17, 1992 agreement was due to expire on December 31, 1996, and the parties to that agreement met during 1996 to discuss the terms and conditions of a revised Mobilehome Rent Stabilization Agreement. F. The parties to the March 17, 1992 agreement reached agreement on a revised Mobilehome Rent Stabilization Agreement ("the November 1996 agreement"). G. The November 1996 agreement was due to expire on December 31, 2001 and the parties (or their successors in interest) to that agreement met during 2001 to discuss terms and conditions of a revised Mobilehome Rent Stabilization Agreement.