15.04.140 Gross income.

For purposes of calculating NOI pursuant to Section 15.04.130, "gross income" means the sum of the following:

(A) Gross space rents, computed as gross space rental income at one hundred percent occupancy; plus

(B) Other income generated as a result of the operation of the mobilehome park, including, but not limited to, fees for services actually rendered; plus

(C) Revenue received by a park owner from the sale of gas and electricity to residents where such utilities are billed individually to the residents by the mobilehome park owner. Such revenue shall equal the total cost of the utilities to the residents minus the amount paid by the park owner for such utilities to the utility provider; minus

(D) Uncollected space rents due to vacancy and bad debts to the extent that the same are beyond a park owner's control. Uncollected space rents in excess of three percent of gross space rent shall be presumed to be unreasonable unless established otherwise and shall not be included in computing gross income. If uncollected space rents must be estimated, then the average of the preceding three years' experience shall be used.