pages: CityCouncil/2019-07-02.pdf, 13
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CityCouncil | 2019-07-02 | 13 | increases for three years. Councilmember Daysog stated the proposal is odd; the sticker shock effect that people get when given a bill of 10-11% increase would be odd to institutionalize. The Community Development Director stated an annual maximum may be established, as well as a cap over three years; a cap may be placed in two different places. Mayor Ezzy Ashcraft questioned what is reasonable for Alameda. Councilmember Vella stated a cap on the number of years is needed; expressed support for three years; stated that she supports the idea that once the banked amount is used, the remainder goes away; expressed support for capping the number of times throughout a tenancy to three times. Mayor Ezzy Ashcraft expressed support for three years; stated sometimes a financial hardship occurs that does not solve itself in one year. Councilmember Vella proposed the landlord be required to provide notice of banking to the tenant. Vice Mayor Knox White expressed support for the landlord providing notice to the tenant; stated a form will be filed with the City that the bank is being used and notices of banking should be filed along with the form; inquired whether the landlord can bank once within three years or three years in a row; questioned whether it is better to use a formula reaching up to 8%; once 8% is reached, the bank is full without regard to how many years it takes to reach the maximum; proposed a cap on yearly increases of 3% in any given year; stated the landlord cannot bank and use bank in the same year. Councilmember Oddie requested a recap. Vice Mayor Knox White stated that his proposal has a max cap of 8%, and the cap can only be used in 3% increments [AGA plus 3%]. Councilmember Oddie questioned whether once any part of the bank is used, the rest is lost. Vice Mayor Knox White stated that was not part of his proposal but can be discussed. The Community Development Director stated banking will be capped at no more than 8% at any time; access to banking cannot be done in increments more than 3% above AGA; the banking cap is three times during tenancy; using banking results in wiping of the bank; the limit should be set at more than one during the tenancy; if a tenant moves out, the bank is wiped out and cannot be accumulated for a new tenant. Councilmember Oddie stated the bank could be used once every three years. Regular Meeting Alameda City Council July 2, 2019 12 | CityCouncil/2019-07-02.pdf |