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Resolution - 7110RESOLUTION NO. 7110 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST COVINA, CALIFORNIA, ESTABLISH- ING SUPPLEMENTAL GUIDELINES FOR THE ADMINI- STRATION OF THE CITY'S MOBILE HOME RENT STABILIZATION ORDINANCE. WHEREAS, the City Council adopted Ordinance No. 1648 (the "Ordinance"), establishing Chapter 15, Article 9 of the West Covina Municipal Code providing for a mobile home rent stabilization program in the City of West Covina; and • WHEREAS, the Ordinance has been the subject of litigation entitled Friendly Village of West Covina, Ltd. v. City of West Covina et al; and WHEREAS, both parties to the above action have negotiated a resolution of the points at issue, embodied in a Stipulation Re Dismis- sal of Entire Action; and WHEREAS, such stipulation includes the adoption by the City Council of certain interpretations and supplemental guidelines for the administration of the.Ordinance; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of West Covina as follows: SECTION 1. The Ordinance shall not be construed to alter, modify, or impair any provision of a lease or rental agreement in excess of twelve (12) months in duration entered into between an owner and a tenant except that the provision of the Ordinance (Section 15-188 W.C.M.C.) relating to retaliatory evictions shall remain in force and in effect. SECTION 2. Upon the expiration of the lease or rental agree- ment, the base rent for any space rented pursuant to a lease or rental agreement in excess of twelve (12) months in duration shall be the rental rate lawfully charged in the last month of the lease or rental agreement. SECTION 3. The following Administrative Guidelines for Supple- mental Assessments shall be used by the Mobile Home Park Rental Review Board (the "Board") in the performance of its responsibilities under Section 15-181. The following administrative guidelines shall be in addition to the guidelines established in Section 15-184. The City of West Covina Mobile Home Park Rental Review Board shall permit a mobile home park landlord to pass on to tenants a propor- tionate share of certain increased operating costs listed below. All pass-throughs shall be set forth separately on the tenant's rent state- ment, shall not become base rent subject to annual increases, and shall not be collected except for the period authorized by the Board. • 1. All increases in local assessments, fees, and charges, excluding commodity costs for utilities, and any statewide assessments, fees, and charges imposed only upon mobile home parks, but not includ- ing increases in ad valorem real property taxes or any other., -increases in taxes, charges, fees, and assessments occasioned by changes in laws or regulations having a statewide impact. C� • C� 2. Increased costs of owner's premiums for compre- hensive park insurance to the extent that such costs are in excess of 115% of the amount paid in 1985, or in excess of 115% of the average annual costs for comprehensive park insurance computed since the adoption of this regulation or since the last assessment for this purpose, whichever is later. 3. The yearly amortized portion of costs of capital expenses including financing costs thereof. These costs include all expenditures that: (1) the owner must treat as capital items, rather than deductible business expenses, for federal income tax purposes; and (2) are for items or improvements having a useful life of at least five years. These costs shall be amortized in accordance with any useful life table utilzied by the Internal Revenue Service to be supplied by the owner and adopted by the City Council. If the owner has not financed the capital improvement, there shall be added to the cost of the capital improvement, to be amortized over the life of the improvement, an amount equal to the amount of financing costs the landlord would have incurred had the landlord financed the capital improvement over a period equal to the amortization period of the capital improvement at an interest rate equal to the prime commercial rate of the Bank of America. Assessments collected pursuant to this subsection are subject to verification by the owner that such expenditures were treated as capital expenses for tax purposes. The Board shall further consider the following two (2) factors in determining whether to grant an application for a supplemental rent increase application pursuant to Section 15-184 of the Ordinance: 1. Costs of any new or additional services that the owner has been required to provide tenants by any state, federal, or local law or regulation. 2. Uninsured losses for damage to or destruction of property. in excess of owner's deductible, if any, under its insurance policies, such losses to be amortized over the useful life of the destroyed property. SECTION 4. The City Clerk shall of this resolution. 1985. ATTEST: APPROVED AND ADOPTED this llth City . rk certify to the adoption day of November v14A llao�ez-- _ Mayor Pro Tern, -2- 9 • • I HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of the City of West Covina at a regular meeting thereof held on the 11th day of _ November 1985, by the follow- ing vote of the Council: AYES : Councilmembers: NOES : Councilmembers: ABSENT: Councilmembers: APPROVED AS TO FORM: Bacon, Manners, Chappell, Tennant Shearer (I -.0 City Attorney City Cler -3-