Operating expenses shall not include the following:
A. Avoidable and unreasonable or unnecessary expenses;
B. Mortgage principal and interest payments;
C. Lease purchase payments and rent or lease payments to landlord's lessor;
D. Penalties, fees or interest assessed or awarded for violation of this or any other statute;
E. Attorney's fees and other costs incurred for proceedings before the Hearing Officer or in preparation for such proceedings, or in connection with any civil actions or proceedings against the City, or a decision, ruling, or order of the Hearing Officer;
F. Depreciation of the real property;
G. Any expenses for which the landlord has been reimbursed by any security deposit, insurance settlement, judgment for damages, settlement, or any other method.
(Ord. MC-1481, 4-14-18; Ord. MC-865, 3-24-93)