ORD 0880 - Laserfiche WebLink

ORDINANCE NO. 880 j " Page 2 Section 3. The Council finds that a substantial number of condominium conversions undertaken during the period in which the City Council and Planning Commission will be studying the condominium conversion problem and considering a proposed condominium conversion ordinance, is a threat to the public health, safety and welfare, requiring this interim ordinance. Adoption of this ordinance will preclude premature condominium conversion applications based on speculation about the future condominium conversion ordinance. The factual basis for this emergency ordinance is the recent interest and increase in applications for condominium conversions. Section 4. During the period of the moratorium established herein, no approval shall be given to convert any proposed apart- ment or multiple dwelling to a condominium. The Council expressly finds that in view of the limited amount of low and moderate income housing available in the community at the present time, any conversion of a significant number of units would, in the absence of this moratorium, be denied, on the grounds that such conversion is incon- sistent with the adopted General Plan of the City, which establishes a goal of 13% low and moderate income housing in order to make adequate provision fir the housing needs of all economic segments of the community. Section 5. For purposes of this ordinance, the following definitions shall apply: COmmUNITY APARtmENT PROJECT: A project in which an undivided interest in the land is coupled with the right of exclusive occupancy of any apartment located thereon. For the purposes of this ordinance, community apartment projects will be subject to the same restrictions and conditions as condominium projects.