Loading...
1988/01/26 Mobile Home Park Rent Appeals Board Resolution (3)RESOLUTION NO. 88-01 A RESOLUTION OF THE ROHNERT PARK RENT APPEALS BOARD DETERMINING THE INCREASE IN THE CONSUMER PRICE INDEX FOR THE PERIOD OF OCTOBER, 1985 TO OCTOBER, 1986 AND AUTHORIZING THE APPLICATION OF THE FORMULA TO THE BASE RENT (75% of CPI INCREASE) WHEREAS, the voters of the City of Rohnert Park approved an initiative ordinance at a special municipal election on Tuesday, December 81 1987; and WHEREAS, the City Council adopted the ordinance at a City Council meeting on Tuesday, December 17, 1987; and WHEREAS, the ordinance as adopted by the City Council bears Number 494; and WHEREAS, Ordinance No. 494 creates the Rohnert Park Rent Appeals Board; and WHEREAS, Section 5 of Ordinance No. 494 authorizes the Rohnert Park Rent Appeals Board to calculate the increase in the Consumer Price Index (CPI) from the month of October of the prior year to the month of October to the current year; and WHEREAS, Ordinance No. 494 rolled rents back to the same level that was charged on December 1, 1985; and WHEREAS, Section 5 of Ordinance No. 494 authorized the Mobile Park Owners to increase the base rent in an amount equal to 75% of the increase in the CPI from October, 1985 to October, 1986, provided such increase does not exceed 4 %; and WHEREAS, the Rohnert Park Rent Appeals Board has determined that the annual increase in the CPI from October, 1985 to October, 1986 was 3.27% and that 75% of such amount is 2.50% as rounded to the nearest one - quarter (1/4) of one (1 %) per cent as authorized by Ordinance No. 494. NOW THEREFORE, BE IT HEREBY RESOLVED by the Rohnert Park Rent Appeals Board that in accordance with Section 5 of Ordinance No. 494, the Annual General adjustment is determined to be 2.50% and that all base rents as of December 1, 1985, may be increased by such percentage amount. 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 APPROVED: Chairman ATTEST: