(a) The purposes of this chapter are:
(1) To seek a reasonable balance of rental and ownership housing in the city in a variety of individual choices of tenure, type, price, and location of housing;
(2) To protect the supply of multi-family rental housing;
(3) To protect the supply of rental housing for low and moderate income persons and families;
(4) To reduce and avoid displacement of tenants, particularly senior citizens and families with school-age children, who may be required to move from the community due to a shortage of replacement rental housing;
(5) In the event of a conversion, to assure that purchasers have adequate information on the physical conditions of the structure and that the structure meets adequate health and safety standards;
(6) In the event of a conversion, to give priority for purchase of units to existing tenants;
(7) To meet the goals of the comprehensive plan, including the below-market-rate programs.
(Ord. 3295 § 1 (part), 1981: Ord. 3157 § 1 (part), 1979)