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Ordinance Number 425ORDINANCE NO. 425 MOBILE ROME PARK REVIEW COMMITTEE AN ORDINANCE OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, AMENDING ARTICLE 9, CHAPTER 2, TITLE 2, SECTION 2-2.902 OF THE SAN JUAN CAPISTRANO MUNICIPAL CODE THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Amendment. Article 9 of Chapter 2 of Title 2 of the San Juan Capistrano Municipal Code is hereby amended to read as follows: "Section 2-2.902. Definitions. "(g) "Maximum Allowable Increase" shall, unless otherwise determined by the Committee or the City Council on petition as hereinafter provided, mean the maximum allowable increase in space rent determined by either of the following formulae: 111. Take operating expenses of the park for the twelve month period immediately preceding the date upon which notification of any rent increase is to be made; "Multiply that sum by the last published Consumer Price Index; "Add ten percent to arrive at the annual allowable increase in rent for the entire park; "Divide by the number of units in the park to compute rental for each space. "or "2. Secure the last published CPI -U prior to the date upon which notification of any rent increase is to be given; "Compute a rate of increase which applies to rental of mobile home spaces by deleting those items in the CPI -U which do not have a substantial bearing upon the rental of mobile home spaces, i.e., Food and Beverage; Apparel and Upkeep; Entertainment; Medical Care; "Add ten percent to arrive at the annual rent for the entire park; "Divide by the number of spaces to compute rental for each space. (h) "Consumer Price Index" shall mean the Consumer Price Index for all urban consumers (CPI -U) published for the Los Angeles -Long Beach - Anaheim area." -1- FIN SECTION 2. Effective Da This Ordinance shall take effect and be in force thirty (30) days after its passage. SECTION 3. City Clerk's Certification. The City Clerk shall certify to the adoption of this Ordinance and cause same to be posted in the duly designated posting places within the City of San Juan Capistrano_.within fifteen (15) days after its passage. PASSED, APPROVED AND ADOPTED this 7th day of July 1 1981, by the following vote, to wit.- AYES: it: ATTEST: AYES: Councilmen Friess, Buchheim, Bland, Hausdorfer and Mayor Schwartze NOES: None ABSENT: None PHILLIP R. SCHWARTU , MAYOR i STATE OF CALIFORNIA ) COUNTY OF ORANGE CITY OF SAN JUAN CAPISTRANO ) I, MARY ANN HANOVER, City Clerk of the City of San Juan Capistrano, California, DO HEREBY CERTIFY that the foregoing is a true and correct copy of Ordinance No. 425 , which was introduced at a meeting of the City Council of the City of San Juan Capistrano, California, held on June 9 1987 , and adopted at a meeting held on July 7 1 1981 (SEAL) /J / (. MARY N OVER, CITY CLERK -2-