Ord 1495 - AMENDING CHAPTER 24 OF THE TOWN CODE TO RESOLVE CERTAIN ISSUES OF INTERPRETATION,R
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ORDINANCE NO. 1:95
AN ORDINANCE OF THE TOWN OF LOS GATOS
AMENDING CHAPTER 24 OF THE TOWN CODE TO
RESOLVE CERTAIN ISSUES OF INTERPRETATION
The Town Council of the Town of Los .Gatos ORDAINS:
SECTION 1.
Section 24.60.010 of Town Code is amended to read as
follows (the underlined words constituting the amendment):
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 $12 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`o penalty
plus an additional 25% for every additional 3'0 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 t'he amount of such fee necessary to recover such costs.
SECTION 2.
The title of Section 24.70.010 shall be amended to read
as follows:
24.70.010 General Standards
SECTION 3.
Section 24.70.015 is amended to read as follows:
24. 70.01S Specific Standards
(1) Initial Letting and Voluntary Vacancy
Upon the initial letting of a new unit or a voluntary
vacancy, the landlord may relet free of limits of this
ordinance, but the new tenancy shall thereafter be subject
hereto.
(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 per month.
(b) When title to a rental dwelling vests in
a new landlord as a result of a change of owner-
ship.
(c) 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 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 bi-
monthly 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 average change in the CPI since the date of the
last rent increase notice.
The formula is:
average of CPI changes New
Present Rent +[Present Rent x(700 x since date of last rent)] =Rent
increase notice*
*as computed by the Town or its agent.
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Applying the formula to a present rent of $300 and using
an average CPI change of + 15.12 %, the following results:
300 +[300 x (.7 x 15.12 %)] = New Rent
300 +(300 x 10.584 %) = New Rent
300 +31.752 = New Rent
331.752 = New Rent
$332 - New Rent
SECTION 4.
The title of Section 24.70.020 is amended to read as
follows:
24.70.020 Other Factors of Reasonableness
SECTION 5.
This ordinance shall apply prospectively only.
This ordinance was introduced at a regular meeting of
the Town Council of the Town of Los Gatos on March 17, 1981, and
adopted at a regular meeting of the Town Council on April 7, 1981,
by the following vote:
AYES: COUNCIL MEMBERS Ruth Cannon, Marlyn J. Rasmus
and Peter W. Siem
NOES: COUNCIL MEMBERS T homas J. Ferrito
ABSENT: COUNCIL MEMBERS None
ABSTAIN: COUNCIL MEMBERS Brent N. Ventura
I
SIGNED:
0 OF THE WN O� LOS GAT OS
ATTEST:
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CLERK OF THE TOWN OF GATOS
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