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<br />. . <br /> <br />5. Deposits. Each security, cleaning, or other deposit made as a condition of tenancy <br />shall be returned to Ihe tenant before terminalion of tenancy, unless it is shown that damage <br />has occurred to the unit beyond the scope of repairs or remodeling contemplated in the <br />conversion process, or unless the landlord is otherwise enlitled to the deposit. <br />6. Required Financial Assistance. <br />a. The subdivider shall provide moving expenses of two times the monthly <br />rent to any tenant household living in a unit at the time a completed tentative map <br />application is accepted by the department. <br />b. The subdivider shall pay these moving expenses 10 an eligible tenant <br />within 14 days after relocation. <br />c. In the case of a tenant receiving financial assislance under HUD <br />regulations, "monthly rent" is defined to mean the gross total amount of rent which Ihe <br />subdivider receives, bolh from the tenant and from the local public agency administering <br />the HUD program." <br /> <br />Section 3. Section 18.44.070. Limitation [for Residential Condominium Conversions]. of the <br />Livermore Municipal Code. is amended to read as follows: <br /> <br />"18.44.070 Limitation. The maximum number of apartment units which may be approved <br />for condominium conversion in anyone calendar year shall be limited to 3% of the city's <br />stock of rental units, not 10 exceed a total of 150 units a year. The city shall consider <br />applications on a firsl come, first served basis. If the limil is reached, subsequent <br />applications are carried over to the nexl calendar year and processed in the same order as <br />originally received." <br /> <br />Section 4. Subsection C of Section 18.44.080. Findings [for Residential Condominium <br />Conversions}. is amended to read as follows: <br /> <br />"18.44.080 Findings. <br />The city council may not approve an application for a residential condominium conversion <br />unless it finds in the approving resolution that the proposed conversion meets all of the <br />following: <br />A. Conforms to the requirements of this chapter; <br />B. Is consistent with the Livermore General Plan and current zoning regulations; <br />C. For a project of five units or more, it will either: (I) provide an equivalenl number of <br />very low, low and/or moderate income rental units elsewhere in the city, with a requirement <br />thai the units remain as restricted rental units for at leasl 55 years; or (2) not cause the tolal <br />amount of rental units for the current housing stock in the city to drop below 16%; and <br />D. Satisfies the requirements of Government Code section 66427.1 (regarding notice 10 <br />tenants)." <br /> <br />Section 5. Environmental review. The City Council has considered the proposed negative <br />declaration along with comments received during the public review process. The Council hereby <br />finds. on the basis of the whole record before it (including the initial study and comments received), <br />that there is no substantial evidence that the project will have a significant effect on the environment <br />and that the negative declaration refiects the City Council's independent judgment and analysis. <br /> <br />ORDINANCE NO. <br /> <br />-3- <br /> <br />27 <br />