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Exhibit B <br /> Pleasanton Municipal Code Section 6.60.100 (Capital Improvement Costs) <br /> A. Capital Improvements; Amortization. If a park owner constructs new capital <br /> improvements, the park owner shall amortize the costs, and shall be allowed to pass through to <br /> the residents the amortized costs, as provided in this section. In addition, attached as Exhibits <br /> C-1, C-2 and C-3 of this chapter are the capital improvements which exist at three of the parks <br /> and their original construction costs. If a park owner rehabilitates or replaces any existing capital <br /> improvements, a park owner shall amortize (as provided in this section), and shall be allowed to <br /> pass though to the residents, the difference between the original cost of the capital improvement <br /> and the cost to rehabilitate or replace the capital improvement, unless the useful life of such <br /> improvement has expired. In that case, a park owner shall amortize the entire cost of the capital <br /> improvement, and shall be allowed to pass through to the residents the amortized cost. Capital <br /> improvement costs shall not be amortized unless as to Vineyard Mobile Villa and/or Hacienda <br /> mobilehome park they exceed $10,000.00 and as to Fairview trailer park and/or the Pleasanton <br /> mobilehome park, they exceed $2,000.00; provided, however, that if in any one year the park <br /> owner of the Vineyard Mobile Villa and/or the Hacienda mobilehome park constructs two or <br /> more capital improvements, the cost of which each exceeds $5,000.00, then such costs may be <br /> amortized over a three year period. Except as provided in the previous sentence, capital <br /> improvement costs are to be calculated on an improvement by improvement basis and not <br /> collectively, although costs can be accumulated for the same capital improvement over a <br /> 12-month period. My costs as to any particular capital improvement that are under the threshold <br /> amounts ($10,000.00/ $2,000.00) shall not be amortized. Any capital improvement costs that are <br /> for maintaining, replacing or repairing utilities shall not be amortized if the park owner receives <br /> a reimbursement from a utility company for that purpose. <br /> B. Amortization Periods, Vineyard Mobile Villa and Hacienda Mobilehome Park. <br /> For the Vineyard Mobile Villa and the Hacienda mobilehome park, the capital improvement <br /> amortization periods shall be as follows: <br /> $10,000.00—$14,999.00 3 years <br /> 15,000.00-19,999.00 4 years <br /> 20,000.00-29,999.00 5 years <br /> 30,000.00-39,999.00 6 years <br /> 40,000.00-49,999.00 7 years <br /> 50,000.00+ 8 years <br />