HomeMy WebLinkAbout1397 - ORDINANCES - 9/18/1991 ORDINANCE NO, 1397
AN ORDINANCE OF THE CITY OF PALM SPRINGS,
CALIFORNIA, AMENDING SECTION 4. 02.060(c)
OF THE PALM SPRINGS MUNICIPAL CODE, AND
ADDING SECTION 4. 08. 060 (D) (6) OF THE
MUNICIPAL CODE DEFINING "YEAR OF
APPLICATION" FOR PURPOSES OF HARDSHIP
RENT ADJUSTMENT'S.
THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, C.ALIFORNIA, DOES
ORDAIN AS FOLLOWS:
SECTION 1. Section 4 .02 . 060(c) of the Palm Springs Municipal
Code, relating to allowable rent increases for rental units
subject to the City's rent control ordinance, is hereby
amended to read as follows:
114.08. 060. ExtraordinqKy__hardshio increases. . .
(c) Allowable Rent, Increases. Upon filing of an
individual hardship petition by a landlord, the Commission
shall permit rent increases, unless otherwise proscribed by
law, such that the landlord's net operating income for the
year of application as defined in Section 4 , 08. 060 (d) will
be increased by fifty percent(50%) of the increase in the
Consumer Price Index over- the base year. The increase in
the CPI shall be calculated by dividing the: most recently
reported monthly figure at the time of the close of the
hearing by the monthly figure for September of the base
year.
In making any adjustment ]pursuant to this section, -the
Rent Review Commission shall consider the effects of rent
adjustments pursuant to Section 4 .08. 040. "
SECTION 2 . Chapter 4 .03 of the Palm Springs Municipal
code relating to definitions utilized in determining hardship
rental increases under the C:ity's rent control ordinance is
hereby amended by adding thereto a new section to be numbered
Section 4. 08. 060(d) (6) , and reading as follows:
114002 . 060 Extraordina _hardshin increases.. . .
(d) Defi.nition.s. . . .
(6) 'Year of Application' for purposes of
this Section shall mean the Petitioner's/Applicant's
normal fiscal year immediately preceding the commencement
of the hardship application period as defined in Section
4 . 08. 060 (q) within which the petition/application for a
hardship rent increase is filed, unless another period. is
found by the Rent Review Commission or any designated
hearing officer to be more: appropriate. "
SECTION 3 . EFFECTIVE DATE. This Ordinance shall take full
force and effect thirty (30) days after passage.
SECTION 4. PUBLICATION. The City Clerk is hereby ordered
and directed to certify to the passage of this ordinance, and
to cause the same or a summary thereof or a display
advertisement, duly prepared according to law, to be published
in accordance with law. l /
Ord. No. 1397 3 4-Z
Page 2
Adopted this 18th day of September 1991.
AYES: Councilmembers Broich, Hodges, Murawski , Neel and Mayor Bono
NOES: None
ABSENT: None
ATTEST: CITY OF PALM SPRINGS, CALIFORNIA
- City Clerk Nayor
REVIEWED & APPROVED:
I HEREBY CERTIFY that the foregoing Ordinance 1397 was duly
adopted by the City Council of the City of Palm Springs,
California, in a meeting held on the 18th day of September, 1991,
and that same was duly published in the DESERT SUN, a newspaper
of general circulation on September 23, 1991.
PUDITH�ICH
City Clerk