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: