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Ord 1663 - AMENDING THE RENT MEDIATION AND DISPUTE ORDINANCE TO REGULATE RENT INCREASES TO NEW MOBILE HOME PARK RESIDENTSORDINANCE NO. 1663 ORDINANCE OF THE TOWN OF LOS GATOS AMENDING THE RENT MEDIATION AND DISPUTE ORDINANCE TO REGULATE RENT INCREASES TO NEW MOBILE HOME PARK RESIDENTS The Town Council of the Town of Los Gatos hereby ORDAINS: Cortinn 1_ Section 24.70.015 of the Town Code is hereby amended as follows: Sec. 24.70.015. Specific standards. (1) Exemptions. The first rent increase after the following events shall be exempt from this chapter: (a) Construction of a new unit. (b) A voluntary vacancy except as to mobile home spaces. (c) Eviction of a tenant by a court for nonpayment or other violation of a written rental agreement. (2) Frequency of Rent Increases. Rent should not ordinarily be increased more frequently than annually, but it may be increased: (a) When the fee imposed under Part 6 hereof is paid, - it may be passed through at the rate of no more than 1 /12th of the fee per month. (b) At any 'time, with the written consent of all affected tenants, which shall be sought through conciliation or mediation. (3) Amount of Annual Increase. Annual rent increases shall not exceed the 70% CPI ceiling or 5 %, whichever is greater, unless the Hearing Officer determines that other factors render a larger increase reasonable. CPI is the Consumer Price Index - All Urban Consumers for the San Francisco - Oakland Area. The most recent CPI is the bimonthly figure most recently available from the Bureau of Labor Statistics. The 70% CPI ceiling is an amount arrived at by adjusting the current rent to reflect 70% of the most recent annual average change in the CPI. (4) In the event of a sale of a mobile home, a rent increase shall not exceed 10% of the current rent for that space at the time of sale or $25.00, whichever is lower. Sartinn 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 regular meeting of the Town Council of the Town of Los Gatos held on the l5t day of _July,,_____ 1985. PASSED AND ADOPTED as an Ordinance of the Town of Los Gatos, California, at a regular meeting of the Town Council, held on the 5th day of August , 988 by the following vote: AYES: COUNCILMEMBERS J. F errito, and NOES: COUNCILMEMBERS ABSTAIN: COUNCILMEMBERS ABSENT: COUNCILMEMBERS Eric D. C arlson, T Mayor Joanne Benjamin None None Terrence J. Daily Brent N. Ventura SIGNED: MAYOR OF THE TOWN 0 LOS GATOS ATTEST: CLERK OF THE TOWN OF LOS GA S