(A) To establish criteria for the conversion of the existing multiple-family rental housing to condominiums, community apartments, stock cooperatives, and planned developments.
(B) To reduce the impact of such conversions on residents in rental housing who may desire to relocate due to the conversion of rental housing and community housing, by providing for procedures for notification and adequate time for such relocation.
(C) To assure that purchasers of converted community housing has been properly informed as to the physical condition on the structure which is offered for purchase.
(D) To insure that converted housing achieves a high degree of appearance and quality as is consistent with the goals of the city.
(E) To provide for availability of alternative modes of housing to the community by providing for the conversion of existing rental housing to community housing within the standards provided by this chapter.
('63 Code, § 10-4.701) (Ord. 416-C.S., passed 12-6-84)