The intent and purposes of this article are as follows:
(A) To establish requirements and procedures for the review of the conversion of existing multiple-family rental housing to residential condominiums;
(B) To establish criteria for conversions by requiring conformance with the Building Code as adopted by the City Code and other standards established by this article;
(C) To ensure adequate amenities are provided;
(D) To provide for meeting the goals and objectives of the General Plan;
(E) To provide a desirable balance of rental and ownership housing within the city and a variety of individual choices of housing type, price, and location;
(F) To ensure the conversion of rental units to cooperative/condominiums does not result in the displacement of significant numbers of low and moderate income households, and that the mitigation of such displacement is provided by the applicant and consistent with the policies set forth in the General Plan;
(G) To ensure converted housing and development sites achieve the same high quality appearance and safety required of newly constructed condominiums these projects shall be consistent with surrounding neighborhoods, all applicable city codes and ordinances, and the policies set forth in the General Plan; and
(H) To provide notice of the conversion to existing tenants and give priority for the purchase of converted units to existing tenants as required by state laws.
(Ord. 1070-C-S, passed 6-13-06)