pages: CityCouncil/2019-07-02.pdf, 12
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CityCouncil | 2019-07-02 | 12 | Mayor Ezzy Ashcraft questioned how much and how long banking should be allowed to extend. Councilmember Oddie stated the system could be gamed if not properly defined beforehand. Mayor Ezzy Ashcraft stated Council cannot legislate every scenario. The City Attorney stated Council may keep the ordinance as-is with the exception that once a landlord uses banked time, the remaining bank is wiped clean; there is no staff tracking, making for a simpler process. Vice Mayor Knox White questioned what is being solved with the proposal. The City Attorney stated the proposal attempts to solve concerns raised by Councilmembers related to adding and subtracting banked time, which becomes administratively difficult; the process keeps the ordinance as-is; once a landlord uses banked time, the remaining bank is wiped clean and the process starts again. Mayor Ezzy Ashcraft expressed support for the concept and the simplicity; stated that she would prefer to steer clear of 5%. Vice Mayor Knox White stated banked time may only be used once the full AGA has been accounted for; expressed concern over landlords being incentivized to take the maximum increase each year. The Community Development Director stated Oakland only uses the banked increase 3 times over the term of tenancy; every jurisdiction with rent control, with the exception of San Jose, allows banking and it is viewed as a best practice; Oakland's cap for banked time must be used within three years; the 5% plus AGA is lower than many jurisdictions; Council may want to look into banking a limited number of times for the in-place tenant or to cap the number of years. Mayor Ezzy Ashcraft stated there is value in looking at what is being done and what has been done in other cities; Alameda is not going as high as Oakland; expressed support for placing a cap on how many times banking may be used or over how many years, or both. Councilmember Oddie expressed support for the ceiling staying at 5%; stated 70% of that is 3.5%; the most that may be accumulated over 3 years is 10.5%; expressed support for the remainder being eliminated once banking is used; urged the item be viewed from a practical perspective. Mayor Ezzy Ashcraft stated the item should be viewed from both sides. Councilmember Oddie stated in order to get 10.5%, a landlord would have to give zero Regular Meeting Alameda City Council July 2, 2019 11 | CityCouncil/2019-07-02.pdf |