Annual Adjustment Based on the CPI.
A. Except as otherwise provided in subsection B, the rent for a mobilehome space may be increased once every twelve (12) months by the lesser of either four percent of the current space rent as of the date of the complete application, or one-hundred (100) percent of the increase in the CPI during the preceding twelve (12) months, provided that this increase may not be imposed until twelve (12) months after the most recent annual adjustment under this section or an adjustment under Section 15.20.100 in the preceding twelve (12) months.
B. If the mobilehome space was previously subject to a long-term lease which exempted the space from rent control under state law, the rent for such space shall not be increased under this section until twelve (12) months after the most recent rent increase under the previously exempt long-term lease. Thereafter, the rent may be increased once every twelve (12) months in accordance with subsection A of this section.
C. Regulations for implementing this section shall be as set forth in the administrative rules adopted by resolution of the city council, including, but not limited to, application procedures and dissemination of CPI to park owners.
(Ord. 422 § 1, 2023; Ord. 413 § 9, 2022; Ord. 397 § 7, 2020; Ord. 368 § 4, 2017; Ord. 311 § 4, 2011; Ord. 255 §§ 9, 10, 11, 2007; Ord. 214 § 3, 2002; Ord. 193 § 8, 1999; Ord. 161 § 7, 1996; Ord. 152, 1996; Ord. 140, 1995; Ord. 126 § 7, 1994)