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HomeMy WebLinkAboutCity Council - 2018-50 RESOLUTION NO. 2018-50 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH OPPOSING THE LOCAL RENT CONTROL INITIATIVE OF 2018 WHEREAS, the Costa-Hawkins Rental Housing Act was signed into law in 1995 to prevent cities from enacting rent control on housing first occupied after February 1, 1995; and WHEREAS, the Costa-Hawkins Rental Housing Act gave landlords the right to increase rent prices to market rates when a tenant moves out; and WHEREAS, Proposition 10 was placed on the November 2018 statewide ballot through the initiative process to repeal the Costa-Hawkins Rental Housing Act; and WHEREAS, the State's nonpartisan Legislative Analysts Office (LAO) points out that expanding the number of housing units covered and prohibiting landlords from resetting rents to market value for new tenants will not increase the supply of housing in California and likely would discourage new construction in the state; and WHEREAS, Proposition 10 would cut revenues to state and local governments by up to hundreds of millions of dollars, according to the LAO; and WHEREAS, the policies authorized by Proposition 10 have been shown to reduce property values by more than 10% and significantly restricts what single-family homeowners can do with their homes; and WHEREAS, Proposition 10 contains a hidden loophole requiring taxpayers to pay the initiative supporters' legal bills for participating in certain lawsuits, even if they lose and even if their position is frivolous. NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby resolve as follows: SECTION 1. The City of Huntington Beach hereby opposes the Local Rent Control Initiative sponsored by the Coalition for Affordable Housing on the grounds that it repeals a Housing Law with no solution; and SECTION 2. The City of Huntington Beach hereby opposes the Local Rent Control Initiative sponsored by the Coalition for Affordable Housing because it will reduce home values; and 1 18-6783/186084 SECTION 3. The City of Huntington Beach hereby opposes the Local Rent Control Initiative as it takes away local control. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 4th day of Septeaber , 2018 kn vu 4,0,- Mayor REVIE E D APPROVED: APPROVED S- 6FORM: City ariag r 21TIATED ttorney AND APPROVED: Assistant to the City Manager 2 18-6783/186084 Res. No. 2018-50 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, ROBIN ESTANISLAU, the duly elected, qualified City Clerk of the City of Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby certify that the whole number of members of the City Council of the City of Huntington Beach is seven; that the foregoing resolution was passed and adopted by the affirmative vote of at least a majority of all the members of said City Council at a Regular meeting thereof held on September 4, 2018 by the following vote: AYES: Semeta, Posey, Delgleize, Brenden, Peterson NOES: O'Connell, Hardy ABSENT: None RECUSE: None City Clerk and ex-officio Clerk of the City Council of the City of Huntington Beach, California