pages: CityCouncil/2019-07-02.pdf, 16
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CityCouncil | 2019-07-02 | 16 | Under discussion, Councilmember Oddie questioned how the proposal is practical; questioned a 5% cap for the overall increase. Mayor Ezzy Ashcraft stated 70% of CPI. The Community Development Director stated 100% of CPI is 4% this year; 70% is 3.6%; the ceiling is 5% which would only be triggered if 70% of CPI was in excess of 5%. Councilmember Oddie questioned whether 5% is the most that could be banked every year. The Community Development Director stated the most that could be banked every year would not be 5%; the amount is 70% of CPI. Councilmember Oddie stated this year, 70% of CPI is 2.8%; questioned whether 2.8% is the most that could be banked, to which the Community Development Director responded in the affirmative; stated it take a while until the 8% cap is met. The City Attorney stated a landlord would have to bank for multiple years. Councilmember Vella expressed concern at the number of caps being intimidating; stated that it would take several years for caps to be met; 70% of CPI is creating a substantial cap which changes the dynamics of the system and will prevent displacements; the compromise is better than what was proposed in the staff report. Mayor Ezzy Ashcraft stated that she was initially opposed to banking but the Vice Mayor successfully articulated the rationale behind the need. On the call for the question the motion carried by the following voice vote: Ayes: Councilmembers Knox White, Oddie, Vella and Mayor Ezzy Ashcraft - 4. Noes: Councilmember Daysog - 1. The City Attorney stated the ordinance specifically calls out on September 1, 2019 a 4% of CPI; Council voted 70% and the ordinance will now say the annual adjustment for September 1, 2019 will be 2.8%. In response to Mayor Ezzy Ashcraft's inquiry about the items to be included in the rent registry, the Community Development Director suggested Council give staff direction about how to balance privacy; stated staff can take direction and implement the regulation or, if Council desires, staff can return with a proposed regulation; the ordinance states an initial registration and a re-registration when new tenancy is established; noted an annual unit registry was discussed; stated Council should make a determination related to frequency in order to be properly captured in the ordinance. Regular Meeting Alameda City Council July 2, 2019 15 | CityCouncil/2019-07-02.pdf |