§ 540-2.1206. Required information.

If a hearing on a proposed capital improvement rent increase is scheduled, the park owner shall, under penalty of perjury, submit any and all information reasonably required by the rent review officer, including, but not limited to the following:

(a)

A description of the improvement;

(b)

Contracts documents (including receipts, canceled checks, etc.) or bid documents showing the cost or estimated cost of the proposed improvement;

(c)

The amortization period to be used;

(d)

The interest rate to be used or obtained;

(e)

The formula used to calculate the pro rata share of each resident;

(f)

The monthly cost to each resident in dollars;

(g)

A statement that the cumulative cost of all capital improvement rent increases in effect and to be approved will not exceed five percent of the then-existing base rent of each tenant.

(Ord. 95-31, § 2).