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Trustees push back on 4% lot-rent escalator; seek CPI recalculation and reserve modeling
Summary
Parks staff proposed a 4% fixed escalator for lot-rent rates over a five-year term based on a 10-year weighted CPI average; trustees objected to the 2021 outlier and asked staff to re-run scenarios (including removing 2021) and to model water/sewer/trash service-fee impacts and reserve needs.
Director Michael Brown presented proposed lot-rent rates for permittees covering a five-year term (2026–2030). Brown’s spreadsheet used a 10-year weighted Consumer Price Index method and produced a fixed escalator of 4% for the next five years. Trustees raised concerns that the 2021 inflation spike (8% in the data set) is an outlier tied to the pandemic and urged Brown to test scenarios excluding 2021, which several trustees said would likely lower the escalator toward 2%.
Trustees discussed legal constraints: permit language currently ties rent adjustments to a…
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