Title
AN ORDINANCE FURTHER AMENDING TITLE 19, CHAPTER 2, RENT CONTROL REGULATIONS, RENT CONTROL BOARD, OF THE REVISED GENERAL ORDINANCES OF THE CITY OF NEWARK, NEW JERSEY, 2000, AS AMENDED AND SUPPLEMENTED, BY INCORPORATING CERTAIN TAXPAYER TENANTS AND LANDLORDS AMENDMENTS.
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WHEREAS, the Municipal Council adopted Ordinance, 6PSF-d, May 20, 2014, which amended and supplemented Title 19, Chapter 2, Rent Control Regulations, Rent Control Board; and
WHEREAS, it was the intent of the Municipal Council in adopting Ordinance 6PSF-d on May 20, 2014 to use the Consumer Price Index for All Urban Consumers (CPI-U), which is the most widely used CPI measure, and to use the CPI-U for the geographic region for which monthly data are provided by the Bureau of Labor Statistics in which Newark is located - namely, the New York - Northern New Jersey - Long Island, NY-NJ area, and the Municipal Council adopted a resolution on August 6, 2014 to clarify this intent; and
WHEREAS, it was also the intent of the Municipal Council in adopting Ordinance 6PSF-d on May 20, 2014 to use the percentage increase in the CPI, even though the words "percentage increase" were left out, as the purpose was to limit the maximum percentage increase for rent increases; and the 12 month period used for the calculation, previously just identified as the "previous 12 months" was always intended to be the 12 month period closest to the date of the proposed rent increase that is administratively possible to use, given the lag in publication time of the Bureau of Labor Statistics and the requirement in state law that landlords give tenants at least one calendar month notice of a rent increase, and that period starts15 months prior to the rent increase and ends3 months prior to the rent increase; and
WHEREAS, certain taxpayer tenants and landlords have requested amendments to the aforementioned ordinance; and
WHEREAS, the Muni...
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