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other documentation required by the City. <br /> <br />C. Base Rent Following Termination or Permanent Removal. Under either of the following <br />circumstances listed below, a Park Owner shall be permitted to charge a new Base Rent for <br />the Mobilehome Space not to exceed the 90th percentile of all subject rents in effect at <br />the time the Space is rented: <br /> <br />1. The termination of the tenancy of the Affected Mobilehome Owner in accordance <br />with the Mobilehome Residency Law; or <br /> <br />2. The voluntary permanent removal of a Mobilehome by a Mobilehome Owner. A <br />removal of the Mobilehome from the Space for the purpose of performing <br />rehabilitation or Capital Improvements to the Space or for the purpose of upgrading <br />the Mobilehome shall not constitute a voluntary removal of the Mobilehome. <br /> <br />The Park Owner shall provide evidence verifying compliance with the terms of this <br />provision to the Rent Review Officer upon request. <br /> <br />D. Base Rent Following a Fair Return Application. Base Rent shall be the allowable <br />Rent determined as a result of a Fair Return Application. <br /> <br />[4-39-212] Annual Rent Increases. <br /> <br />A. Annual Rent Increase: <br /> <br />1. Starting in 2019, on or after January 1 of each year, a Mobilehome Park Owner may <br />impose a Rent Increase for a Mobilehome Space that shall be equal to the lesser of <br />CPI or four (4) percent of the Rent charged for the Space in the preceding year, <br />except as permitted by this Article in accordance with a CPI Decrease, an In-place <br />Mobilehome transfer, or extraordinary circumstances. Such Rent Increase may be <br />imposed once in any twelve (12) month period. <br /> <br />2. CPI Decrease: In the event that the CPI decreases, no Rent decrease shall be <br />required pursuant to this Section. <br /> <br />B. Notice of Allowable Annual Rent Increase. <br /> <br />1. Calculation of Annual Increase. The allowable annual Rent Increase shall be equal <br />to the lesser of CPI or four (4) percent annually unless the Rent Review Officer or <br />designee elects to set an alternate cap on the annual increase due to a CPI Decrease <br />or extraordinary circumstances. <br /> <br />2. Notice of Annual Increase. If the Rent Review Officer elects to change the amount <br />of the Annual Increase due to a CPI Decrease or extraordinary circumstances, notice <br />shall be: (a) posted by February 15 of each year in City Hall and on the City’s <br />website, (b) mailed and/or emailed by the City to each Park Owner and Affected <br />Mobilehome Owner in each Park, and (c) posted by the Park Owner on a notice <br />board in each Mobilehome Park within three business days after it is received by <br />the Park Owner. <br /> <br />C. Compliance with State Law. Rent Increases permitted pursuant to this Section shall not be <br />effective and shall not be demanded, accepted, or retained until the Park Owner has given <br />the notice required by state law. <br /> <br />D. Notice: A written notice of the amount and duration of each Rent Increase or new or increased