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VIIIV!tlIIIVL�II!L�fIIII�IImIWm�II�hI�II�II�INtl�tlII�IIf�iJ�II�9�IIVI�INlillllilli!!IiIn�V�il!�II�VVII!IIIIIIIIIIIIIIIICIIIIIWC'I�IrI�InIIf�IIIIIInIIIIIIMMI�PVVllll!��Ill�lll�l�lllfll�l;!I�LI <br />Capital Replacement (CR) — an improvement required to maintain the common facilities and areas of <br />the park in a decent, safe and sanitary condition or maintain the existing level of park amenities and <br />services. CR is an expenditure as defined by the US Internal Revenue Code which replaces, upgrades <br />or repairs an existing improvement (e.g., onsite water or electrical distribution or sewage collection <br />system, a street, a parking area, or common facility such as a laundry, community kitchen or meeting <br />room). <br />Capital Replacement Costs — all costs reasonably and necessarily related to the planning, engineering, <br />and construction of CR and shall include debt service costs, if any, incurred as a direct result of the <br />CR. CR does not include ordinary maintenance or repairs or Cl costs. <br />* Service Reduction — a decrease or diminution in the basic service level provided by the park occurring <br />at any time since [effective date of Ordinance] including but not limited to services the park owner is <br />required to provide pursuant to applicable state law. <br />M <br />