Ord 1803 - Amending the rent mediation and dispute ordinance to deregulate rent increase on mobile home park vacancies.

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ORDINANCE NO. 1803 ORDINANCE OF THE TOWN OF LOS GATOS AMENDING THE RENT MEDIATION AND DISPUTE ORDINANCE TO DEREGULATE RENT INCREASES ON MOBILE HOME PARK VACANCIES THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES HEREBY ORDAIN: SECTION I Section 24.70.015 of the Town code is hereby amended as follows: Section 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. (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 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 most recent annual average change in the CPI.