(a) In addition to complying with the requirements of Article 7 of this Code, a Final Map or Parcel Map filed for a property subject to initial conversion under the provisions of this Article 11 shall comply with the following:
(1) The Final Map or Parcel Map shall contain notes specifying restrictions that:
(i) specify that each Member Share in the building is subject to sale and resale price restrictions and include the terms and formulas for those restrictions.
(ii) identify the number vacant units in the project at the time of recordation and specify that the corresponding number of Member Shares shall be sold according to the restrictions set forth in Section 1399.13.
(iii) include the restrictions set forth in Section 1399.18(d) and (e).
(2) These restrictions also shall be specified in the declaration for the Limited Equity Housing Cooperative as required by California Civil Code Section 1352(a).
(Added by Ord. 319-08, File No. 081513, App. 12/19/2008)