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HomeMy WebLinkAbout03-06-1986 MHRRB Minutescm�IIl�IniNli'' �� ' Of Shcl IDIS OBISpO 990 CityPalm Street/Post Office Box ,,00.San Luis Obispo, C.a3403e,00 M I N U T E S Mobilehome Rent Review Board March 6, 1986 i WELCOME/INTRODUCTIONS The meeting was called to order by Chairperson Tom Swem at 1.:42 p.m. with the following in attendance: Boardmembers: Benson, Wright, Swem, Wheeler (2:10) II. APPROVAL OF MINUTES OF FEBRUARY 13, 1986 MOTION: (Benson, Wright) To approve the minutes of Febraury 13 with a correction on page 2, "Creedside" should read "Chumash". PASSED The Board directed staff to ilnclude "Other. Business" on future agendas. III. REVIEW OF PACKET Steve Henderson reviewed the materials that had been given to the Boardmembers at the onset of the meeting. IV. PROCEDURAL AND ADMCNISTRATIVE ADJUSTMENTS TO THE ORDINANCE The Ad -Hoc subcommittee had not met as Ed Evans was out of town. They will attempt to meet prior to the next Board meeting. Reserves for Replacement Board Chairperson Swem initiated discussion on the issue of reserves for replacement, defining them as funds established for the purposes of replacing assets and infrastructure of the mobilehome parks as they deteriorate over time. The primary issue as identified by the Board in previous discussions was whether reserves for replacement should be seen as an expense for the purposes of establishing rental rates, and if so, how to address the issue that these funds, once established, are not often transferred in a sale, leaving the tenants to re-establish this fund through rental income again. Additionally, the question of an owner requesting a hardship increase in light of the absence of presence of these funds was to be considered. Boardmember Wright read a prepared statement indicating that she felt that this was not an issue for Board review as it was not directly related to an ordinance provision. It was acknowledged by the Board that while not directly related to the ordinance, this issue had, and would likely again, come up in regard to spedific applications. Minutes Mobilehome Rent Review Board March 61 1986 Page 2 Boardmembers further discussed this issue, expressing a desire for more information on it. Steve Henderson proposed a policy statement: The Rent Review Board recognizes the value of reserves for replacement in mobilehome parks. The Board may also deem important in evaluating any application for hardship the reserves for replacement as an intregal part of the purchasers responsibility in considering a prudent investment. MOTION: (Benson, Wheeler) To adopt the policy statement as developed by Steve Henderson. MOTION PASSED Members of the public made comments on the concept of reserves for replacement. 11. OTHER BUSINESS Steve Henderson requested that the Board adopt a policy designating the use of either the LA -Long Beach CPI figures or the "national" figures. He indicated that the regional figures were perhaps most widely used locally. Boardmember Wright requested that Steve report on a comparison for the last year between the two figures. In commenting that the Advisory Bodies' Annual Reports were due on May 1, the Board Chairperson suggested continuing to report to the City Council on a quarterly basis on the Board's progress to date. V1. ADJOURNMENT The meeting was adjourned at 3:40 p.m. The next meeting of the Mobilehome Rent Review Board was set for March 27, 1:30 - 4:00. Respectfully submitted, Gwen Guyre-Powell, Recording Secretary