A. No adjustment in space rent ceilings shall be permitted except as provided for herein.
B. Permissive Adjustment - A park owner shall be entitled to an initial permissive adjustment gross space rental income equal to eighty percent (80%) of the percentage increase in the Consumer Price Index (CPI) from the end of the base year (1988) to the date of application for the adjustment. The percentage adjustment in the CPI shall be calculated by subtracting the CPI reported for December, 1989, from the most recently reported monthly CPI preceding the application and then dividing this remainder by the December, 1989 CPI.
(Ord. MC-1481, 4-14-18; Ord. MC-865, 3-24-93)