Sec. 17.1-4. Annual across-the-board CPI increases.
(a) Rent Increases in 1991 and Subsequent Years. On or after February 1st of each year, the rent may be increased to an amount equal to the rent in effect on February 1st of the prior year adjusted by seventy-five percent of the increase in the Consumer Price Index (CPI).
The increase in the CPI shall be equal to the percentage increase between the CPI last reported as of August 31 of the most recent year and the CPI last reported as of August 31 of the year prior to that year. However, said increase shall not exceed eight percent.
Said increase shall be annually calculated by the city clerk and posted by October 15 shall be annually calculated by the city clerk and posted by October 15 of each year. The amount of said increase shall be rounded to nearest one-quarter of one percent.
In the event that the CPI decreases, no increase or decrease shall be authorized pursuant to this section.
(b) Banking. Across-the-board rent increases allowed pursuant to this section may be accumulated and implemented by the landlord at any future time, except that said increases are not permitted when in conjunction with vacancy increases authorized by this chapter, they exceed the amounts of the increases otherwise authorized required by this section.
(c) Compliance with State Law. Rent increases permitted pursuant to this subsection shall not be effective and shall not be demanded, accepted, or retained until the landlord has given the notice required by state law.
(d) Permissible Rent Increases. No rent in excess of rent in effect on November 29, 1990 may be charged unless authorized by Section 17.1-4, Section 17.1-5, or Section 17.1-6.
(e) Excessive Rent Mediation. Notwithstanding other remedies available under this section or state law, any mobilehome park tenant receiving notice of a rent increase in excess of that authorized by this section may file a petition for a mediation meeting before a mediator appointed by the city. The mediator shall consider the information, evidence or other documentation as the mediator may require in determining whether the disputed rent increase is authorized and shall make a recommendation no later than ten days after the conclusion of the hearing. The same procedures as authorized under subsections (b) and (c) of this chapter shall apply to mediations under this section. There shall be no appeal from or review of mediator's recommendation. (Ord. No. 2110 (NCS), § 1; Ord. No. 2114 (NCS), § 2; Ord. No. 2116 (NCS), § 1.)