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Agenda Item
CR-124-2021 A RESOLUTION CONCERNING PREVENTING RENT INCREASES, LATE FEES OR PENALTIES AND LIMITING RENT INCREASES ABOVE A CERTAIN AMOUNT FOR TWELVE (12) MONTHS AFTER THE COVID-19 PANDEMIC ENDS for the purpose of encouraging landlords to forgo rent increases and to maintain current rent levels for tenants with a substantial loss of income for twelve (12) months because of the COVID-19 pandemic; and to encourage landlords to limit rent increases to 2.6% for tenants not economically impacted with a substantial loss of income due to the catastrophic pandemic; providing that existing obligations or contract rights may not be impaired by this Resolution; and generally relating to rent increases.