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File #: 16-1076    Version: 1 Name: Rent Stabilization RS-CIP Amend
Type: CC- Consent - Resolution Status: Agenda Ready
File created: 9/6/2016 In control: City Council
On agenda: 9/20/2016 Final action:
Title: RESOLUTION - REVISION OF POLICY CONCERNING RENT STABILIZATION - CAPITAL IMPROVEMENT PLANS (RS-CIP) TO INCLUDE DEMOLITION OF RENTAL UNITS AND IMMEDIATE RECONSTRUCTION OF RENTAL UNITS ON THE SAME PROPERTY AND TO CLARIFY WORDING IN THE POLICY CONCERNING THE PROGRAM ADMINISTRATOR’S CALCULATION OF AN ASSUMED INTEREST RATE FOR RENT STABILIZATION-CAPITAL IMPROVEMENTS RECOMMENDATION: It is recommended by the Housing and Community Services Department that the Council, by resolution, approve and adopt the revision of the Policy Concerning Rent Stabilization - Capital Improvement Plans (RS-CIP) to include demolition of rental units and immediate reconstruction of rental units on the same property and to clarify wording in the Policy concerning the Program Administrator’s calculation of an assumed interest rate for Rent Stabilization-Capital Improvements.
Indexes: Not a Project
Attachments: 1. Staff Report, 2. Resolution, 3. Attachment 1, 4. Exhibit A, 5. Presentation