pages: RentReviewAdvisoryCommittee/2018-08-30.pdf, 6
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RentReviewAdvisoryCommittee | 2018-08-30 | 6 | Approved Minutes August 30, 2018 Vice Chair Murray said she believes the management will take care of the tenants' maintenance issues. She said she felt the tenants' distress and concerns, and mentioned that many upgrades and improvements may not be visible to the tenants, yet tenants benefit from them nonetheless. She acknowledged a potential financial hardship with only one income, the loss of a view, and other concerns. She acknowledged increased costs for the tenants and stated that landlords also have increased costs. She said she would not support an increase less than $100. Member Friedman agreed that the tenants did not present a clear financial need, but they did present a substantial loss of service, such as the view, and need for living in a safe, sanitary environment, while the situation they had found themselves in may not have been ideal. He said he believes the loss of services experienced by the tenants would continue. He said Ordinance 3148 excluded capital improvements costs from "costs of operation". He said he would support an increase of about $75, about 5%. Vice Chair Murray replied that because the capital improvements started prior to the City's CIP, the landlords had to come through the RRAC to try to get increases for them. She said that this makes these cases a special circumstance. Member Friedman explained why he found the issues raised by the tenants especially concerning. He said he believed landlords should be setting aside money from rent every year to pay for capital improvements rather than expect to raise the rents more to pay for them. Member Sullivan-Cheah said he felt that the owners were owed increases so they could get a fair rate of return in their property. Chair Cambra explained the issues he was considering in concluding that an increase amount of at least $93.89 was warranted. Member Griffiths made a motion for an increase of $93.89. No second. Motion and second for an increase of $75 (Member Friedman and Member Griffiths). Motion failed 2-3. Motion and second for an increase of $100 (Member Sullivan-Cheah and Member Griffiths). Motion passed 4-1, with Chair Cambra voting against it. 7. NEW BUSINESS No new business. 8. PUBLIC COMMENT, NON-AGENDA ITEMS, NO. 2. a. None. Page 6 of 7 | RentReviewAdvisoryCommittee/2018-08-30.pdf |