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1 row where "date" is on date 2021-01-19 and page = 20
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CityCouncil,2021-01-19,20 | CityCouncil | 2021-01-19 | 20 | 46 a fair return process requires petitions, hearings and will cause difficulty especially for landlords with fewer units. Vice Mayor Vella inquired the reason for moving away from the net operating income (NOI) to the new structure. The Chief Assistant City Attorney responded staff is not moving away from NOI; stated at present it is a standalone item; should a person go through the CIP process, they will add the amount not as a pass through but added to the tenants’ rent as a rent increase; the annual general adjustments will be based on a higher number than the current recommendation; the recommendation is not moving away from a fair return process; staff can return with a fair return process of Council desires; the policy is being fine-tuned. Urged Council take a look at the concept of pass-through and the effects on rent increases; stated pass-through has the potential to destroy the protection of the rent cap; discussed Ordinance 3250; questioned the good being done in establishing a rent cap and adding pass- throughs; pass-throughs go against the intention of the rent cap ordinance; the proposal brings a_heavy burden and will lead to displacement; guaranteeing a fair rate of return will not discourage a landlords from making property improvements: Toni Grimm, Alameda. Stated Council should not implement a new CIP and pass-through during the local emergency period; Council has passed an urgency ordinance for the same period to protect renters against the economic hardship of rent increases and displacement; should Council choose to proceed ARC requests the changes not begin until after the time period renters are given to pay back rent due to COVID-19; quaranteeing landlords fair return should not discourage landlords from the process: Catherine Pauling, Alameda Renters Coalition (ARC). Councilmember Knox White moved approval of the staff recommendation with the following adjustment: while people can apply for the Capital Improvement Program, no pass-through payments will be allowed to start until Jan… |
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CREATE TABLE [pages] ( [body] TEXT, [date] TEXT, [page] INTEGER, [text] TEXT, PRIMARY KEY ([body], [date], [page]) );