RES 88027 - Laserfiche WebLink

6. Operating supplies such as janitorial supplies, gardening supplies, stationery, and so forth. 7. Insurance premiums prorated over the life of the policy. 8. Other taxes, fees and permits. B. Excluded Items. Operating expenses shall not include the following: 1. Debt service expenses. 2. Depreciation. 3. Any expense for which the Park Owner is reimbursed. C. Review by PMHC. All operating expenses must be reasonable. Whenever a particular expense exceeds the normal industry or other comparable standard, the Park Owner shall bear the burden of proving the reasonableness of the expense. To the extent that the PMHC finds any such expense to be unreasonable, the PMHC shall adjust the expense to reflect the normal industry or other comparable standard. IX. CITY ATTORNEY REVIEW Any lease for one year or longer ("Long Term Lease") to be offered to the Home Owners of each Park must have been reviewed by the City Attorney's office. It shall be a breach of this Agreement for any form of Long Term Lease to be offered to a Home Owner which has not been approved by the City Attorney's office. Long Term Leases reviewed by the City Attorney's office shall be offered in good faith to existing Park Home Owners current in rent and in compliance with Park rules within two weeks of said review. X. ANNIVERSARY DATE The anniversary date upon which rent increases may be effective for each park are as follows: Park Date Hacienda Mobile Home Park December 1 Vineyard Mobile Villa January 1 Pleasanton Mobile Home Park January 1 Fairview Trailer Park February 1 The Park Owners shall not have their anniversary date changed or the size of their rent increases reduced as a result of the interim moratorium on rent increases which occurred while the negotiations took place leading to this Agreement. - 8 -