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Mr. John Ferrari, Realtor, advised that some apartments are being converted <br /> at a cost lower than new construction, and this fact should be taken into con- <br /> sideration when reviewing the condominium conversion ordinance. <br /> <br /> After discussion, it was moved by Councilmember Mohr, and seconded by Council- <br /> member Wood, to amend and reintroduce Ordinance No. 936 to include an annual review <br /> process and to prevent new apartments from being converted to condominiums for at <br /> least five years. <br /> The roll call vote was as follows: <br /> AYES: Councilmembers Mohr and Wood <br /> NOES: Councilmembers Butler, Kephart~ and Mayor Mercer <br /> ABSENT: None <br /> <br /> Councilmember Kephart stated he felt that Planning Commission should have taken <br /> a position on this ordinance. <br /> <br /> Councilmember Butler and Mayor Mercer reiterat~ed their concern regarding the <br /> need for increased rental housing in Pleasanton, and felt that Ordinance No. 936 <br /> was too restrictive and therefore should not be adopted. <br /> <br /> It was moved by Councilmember I.~ood, and seconded by Councilmember Mohr, to <br />table the adoption of Ordinance No. 936 until approval of the Housing Element of <br />the General Plan. ~ <br />The roll call vote was as follows: <br />AYES: Councilmembers Mobr and Wood <br />NOES: Councilmembers Butler, Kephart, and Mayor Mercer <br />ABSENT: None <br /> <br /> It was moved by Councilmember Butler, and seconded by Councilmember Kephart, <br />that Ordinance No. 936, regulating Condominium Conversions in the City of <br />Pleasanton, be adopted. <br />The roll call vote was as follows: <br />AYES: Councilmember Mohr <br />NOES: Councilmembers Butler, Kephart, Wood, and Mayor Mercer <br />ABSENT: None <br /> <br />Due to the above vote, Mayor Mercer dismissed this item from any further <br />Council action. <br /> <br /> <br />