A. An application for a condominium project shall not be approved or conditionally approved unless the planning commission and city council determine that the conversion is consistent with the public health, safety and welfare, and with the city's comprehensive general plan, and the housing element thereof. In making such determination, the planning commission and the city council may consider such factors relevant to public health, safety or welfare as appear in each particular case.
B. The council of the city finds and declares that when the number of vacant apartments being offered for rent or lease in the city is equal to or less than five percent (5%) of the total number of such dwelling units offered for rent or lease in the city, a housing shortage exists which is inconsistent with the purposes of this title, and with the declared goals and objectives of the city. Vacancy data shall be provided by the developer and confirmed by the city. (Ord. 1000 § 52.10(G)(4), 1955)