To determine the current year net operating income, there shall be deducted from the annualized gross income, determined by analyzing the monthly rents in effect at the time of filing of a petition, a sum equal to the actual operating expenses for the last calendar year (unless the owner demonstrates to the satisfaction of the Hearing Officer that the use of some other consecutive 12-month period is justified by reasons consistent with the purposes of this section).
(Ord. MC-1481, 4-14-18; Ord. MC-865, 3-24-93)