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CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA ORDINANCE NO. 1075 AN ORDINANCE AMENDING CHAPTER 15 (CONDOMINIUM CONVERSION PROJECTS) OF TITLE II (ZONING AND DEVELOPMENT) OF THE ORDINANCE CODE OF THE CITY OF PLEASANTON AND CERTAIN PROCEDURES THEREUNDER THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES HEREBY ORDAIN AS FOLLOWS: Section 1: Section 2-25.06 (Procedures) of Chapter 15 (Condominium Conversion Projects) of Title II (Zoning and Development) of the Ordinance Code of the City of Pleasanton is hereby amended by adding a new subsection "c" to read as follows: "c. Condominium conversion approval shall lapse if a final map has not been filed with the City Council for approval within one (1) year of receipt of condominium conversion approval, or such other time~ as'may be set at the time _ of conversion app.roval." Section 2: Subsection 2-25.10(b) (Rent Increase Protection) of Chapter 15 (Condominium Conversion Projects) of Title II (Zoning and Development) of the Ordinance Code of the City of Pleasanton is hereby amended in its entirety to read as follows: "b. Rent Increase Protection (1) No application for conversion shall be approved if rents have been raised on any unit, whether affecting existing tenants or at change of occupancy, during the period six months prior to the date of approval of the condominium conversion project. The provisions of this subsection shall not apply to conversions processed pursuant to Section 2-25.05(b). (2) The leases of tenants continuing to reside in the project during the period between approval of the condominium con- version project and sale of the unit shall be under the same terms and conditions as existed at the time of the approval, except that rent may increase at an -1-