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1988/01/26 Mobile Home Park Rent Appeals Board ResolutionRESOLUTION NO. 88 -02 A RESOLUTION OF THE ROHNERT PARK RENT APPEALS BOARD DETERMINING THE INCREASE IN THE CONSUMER PRICE INDEX FOR THE PERIOD OF OCTOBER, 1986 TO OCTOBER, 1987 AND AUTHORIZING THE APPLICATION OF THE FORMULA TO THE APPLICABLE RENT (75% OF CPI INCREASE) WHEREAS, on January 26, 1988, the Rohnert Park Rent Appeals Board adopted Resolution No. 88 -01 Finding and Determining the Increase in the Consumer Price Index (CPI) from October, 1985 to October, 1986 to be 3.27 %, and further authorized mobile home park owners to increase the base rent charged on December, 1985 by 75% of such increase or 2.50 %; and WHEREAS, the Rohnert Park Rent Appeals Board as authorized by Section 5 of Ordinance No. 494 has determined the increase in the CPI for the period October, 1986 to October, 1987, to be 3.51 %; and WHEREAS, under Section 5 of Ordinance No. 494 the Mobile Home Park Owner is entitled to an Annual General Adjustment of 75% of the increase in the CPI as above determined which amount is 2.75 %. NOW THEREFORE, BE IT HEREBY RESOLVED that Mobile Home Park Owners in Rohnert Park are authorized to increase the rental on February 1, 1988 in an amount equal to 2.75% of the applicable rent prior to such increase. DULY AND REGULARLY PASSED AND ADOPTED BY THE ROHNERT PARK RENT APPEALS BOARD this 26th day of January, 1988. AYES: (4) Commissioners Jones, Militello, Paulson and Chairman Smith NOES: (0) None ABSENT: (1) Commissioner Kohler X APPROVED: Chairman ATTEST: