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EXHIBIT 2 <br />any amendments or supplements, and oral testimony,shall constitute the <br />necessary findingsfor this ordinance. <br />T.The City Council finds, determines and declares that the threat to the public <br />health, safety and welfare of the City and its residentsnecessitates the <br />enactment of the ordinance. <br />Section 2.The recitals and statements of fact set forth in the preamble to this <br />ordinance are true and correct, constitute a substantive part of this ordinance, and are <br />incorporated herein by this reference. <br />Section 3.Section8-1998of the Santa Ana Municipal Code isdeleted in its <br />entirety. <br />Section 4.Division 5 is hereby added to Article X (Property Maintenance)of <br />Chapter 8 (Buildings and Structures) of the Santa Ana Municipal Code to read as <br />follows: <br />Division 5.RENT STABILIZATION <br />Section 8-1998.1Prohibited Increases. <br />(a)Increases in rent on residential real property or mobilehomespaces in the <br />City of Santa Ana in excess of three percent (3%), or eighty (80%) of the <br />change in the Consumer Price Index, whichever is less, and more than <br />one rent increase in any twelve (12) month period, are prohibited, unless <br />expressly exempt under the Costa-Hawkins Rental Housing Act codified in <br />Dbmjgpsojb!Djwjm!Dpef section 1954.50, et seq., or the Mobilehome <br />Residency Lawcodified in Dbmjgpsojb!Djwjm!Dpef sections 798, et seq. If <br />the change in the Consumer Price Indexis negative, no rent increase is <br />permitted.The term Consumer Price Index means, at the time of the <br />adjustment calculationcompleted by the City pursuant to subsection (b), <br />the percentage increase in the United State Consumer Price Index for all <br />Urban Consumers in theLos Angeles-Long Beach-Anaheim Metropolitan <br />Area published by the Bureau of Labor Statistics, not seasonally adjusted, <br />for the most recent twelve (12) month period ending prior to the <br />calculation pursuant to subsection (b).A violation of this section occurs <br />upon the service of notice or demand for a prohibited increase in rent. <br />(b)No later than June 30th each year, beginning with the year 2022, the City <br />shall announce the amount of allowable rent increase based on <br />subsection (a) herein, which shall be effective as of September 1st of that <br />year. <br /> <br />