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(1) Financing. The Rent Board shall finance its reasonable and necessary expenses, including <br />without limitation and engage any staff as necessary to ensure implementation of this Chapter. <br />The Rent Board shall accomplish this by charging Landlords an annual Rental Housing Fee as <br />set forth herein, in amounts deemed reasonable by the Rent Board in accordance with applicable <br />law, which shall not exceed the reasonable expenses for financing the Rent Board, as approved <br />and authorized by the City Council. The Rent Board is also empowered to request and receive <br />funding when and if necessary from any available source including the City for its reasonable <br />and necessary expenses. <br />(1) Rental Housing Fee. All Landlords shall pay a Rental Housing Fee on an annual <br />basis. The first Rent Board convened after the effective date of this Chapter shall <br />determine the amount of the Rental Housing Fee. The amount of the Rental Housing Fee <br />may differ between Covered Rental Units or Rental Units/Dwelling subject to the entirety <br />of this Chapter and those that are partially exempt. Following a duly noticed public <br />hearing, the Rent Board may adjust the amount of the Rental Housing Fee to ensure full <br />funding of its reasonable and necessary expenses, in accordance with all applicable law. <br />(2) City to Advance Initial Funds. During the initial implementation of this Chapter, the <br />City shall advance all necessary funds to ensure the effective implementation of this <br />Chapter, until the Rent Board has collected Rental Housing Fees sufficient to support the <br />implementation of this Chapter. The City may seek a reimbursement of any advanced <br />funds from the Rent Board after the Rental Housing Fee has been collected. <br />(m) Registration. Within thirty (30) days, after the initial Rent Board meeting, the Rent Board <br />shall require the registration of a Covered Rental Unit/Mobilehome, which shall be re -registered <br />annually, at all times deemed appropriate by the Board. The initial registration shall include the <br />Rent in effect on February 25, 2020, the date of the adoption of the Ordinance codified in this <br />Chapter, the address of the Covered Rental Unit/Mobilehome, the name and address of the <br />Landlord, the housing services provided to the Covered Rental Unit/Mobilehome, and any other <br />information deemed relevant by the Rent Board. If the Landlord has willfully and knowingly <br />failed to register a Covered Rental Unit/Mobilehome, the Rent Board may authorize the Tenant/ <br />Mobilehome Owner/ Resident of such a non -registered Covered Rental Unit/Mobilehome to <br />withhold all or a portion of the Rent for the Covered Rental Unit/Mobilehome until the Covered <br />Rental Unit/Mobilehome is properly registered. After a Covered Rental Unit/Mobilehome is <br />properly registered, the Rent Board and/or a hearing examiner shall determine what portion of <br />the withheld Rent is owed to the Landlord for the period when the Covered Rental <br />Unit/Mobilehome was not properly registered. Whether or not the Rent Board allows such <br />withholding, no Landlord who has failed to register properly shall at any time increase rents for <br />Covered Rental Units/Mobilehomes until such spaces are properly registered. <br />63 <br />