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,R <br />r� I <br />ORDINANCE NO. 1:95 <br />AN ORDINANCE OF THE TOWN OF LOS GATOS <br />AMENDING CHAPTER 24 OF THE TOWN CODE TO <br />RESOLVE CERTAIN ISSUES OF INTERPRETATION <br />The Town Council of the Town of Los .Gatos ORDAINS: <br />SECTION 1. <br />Section 24.60.010 of Town Code is amended to read as <br />follows (the underlined words constituting the amendment): <br />24'.60.010 Regulatory 'Fee <br />For the sole purpose of reimbursing the Town for the <br />costs of administering this ordinance, there is hereby imposed <br />on each rental unit, subject to the provisions of this Chapter, <br />a regulatory fee of $12 per year which shall be paid annually <br />at the time at which the landlord's business license fee is due. <br />A landlord who fails to pay the fee within 30 days after the <br />Town mails its bill (or 30' days after adoption of this ordinance <br />as to bills sent prior thereto) shall (1) pay a 25`o penalty <br />plus an additional 25% for every additional 3'0 days, and shall <br />also not be entitled to any rent increase until the full fee and <br />penalties are paid The Town Manager shall report to the Council <br />in time for budget hearings each year his or her recommendation <br />as to t'he amount of such fee necessary to recover such costs. <br />SECTION 2. <br />The title of Section 24.70.010 shall be amended to read <br />as follows: <br />24.70.010 General Standards <br />SECTION 3. <br />Section 24.70.015 is amended to read as follows: <br />