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Ord 1629 - Amending Chapter 24 of the Town Code increasing the regulatory fee for administration of rental dispute mediation and arbitration ordinanceORDINANCE NO. 1629 AN ORDINANCE AMENDING CHAPTER 24 OF THE TOWN CODE INCREASING THE REGULATORY FEE FOR ADMINISTRATION OF RENTAL DISPUTE MEDIATION AND ARBITRATION ORDINANCE The Town Council of the Town of Los Gatos hereby ORDAINS: Section 1. Section 24.60.010 of the Los Gatos Town Code is amended to read as follows: Sec. 24.60.010. Regulatory fee. For the sole purpose of reimbursing the Town for the costs of administering this ordinance there is hereby imposed on each rental unit, subject to the provisions of this Chapter, a regulatory fee of $22.00 per year which shall be paid annually at the time at which the landlord's business license fee is due. A landlord who fails to pay the fee within 30 days after the Town mails its bill (or 30 days after adoption of this ordinance as to bills sent prior thereto) shall (1) pay a 25% penalty, plus an additional 25% for every additional 30 days, and shall also not be entitled to any rent increase until the full fee and penalties are paid. The Town Manager shall report to the Council in time for budget hearings each year his or her recommendation as to the amount of such fee necessary to recover such costs. Section 2. This ordinance takes effect 30 days after the date it is adopted. Within 15 days after this ordinance is adopted, the Town Clerk shall cause it to be published once in a newspaper of general circulation published and circulated in the Town. The above and Foregoing Ordinance was duly and regularly introduced at a regul meeting of the Town Council of the Town of Los Gatos held on the d ay of November , 1984. PASSED AND ADOPTED as an Ordinance of the Town of Los Gatos, California, at a regu meeting of the Town Council held on the 19th da 7 November , 1904 by the following vote: AYES: COUNCILMEMBERS Terrence J. Daily, Thomas J. Ferrito and Joanne Benjamin NOES: COUNCILMEMBERS None ABSTAIN: COUidCILMEMBERS Brent N. Ventura DEPUFY ABSENT: SIGNED: ATTEST: CLERK OF THE TOWYOF LOS GATOS COUNCILMEMBERS Eric D. Carlson