15 ATTACHMENTS - Laserfiche WebLink

ATTACHMENT 8 6ti4L7.5 GOVERNMENT CODE § 66427.5. Subdivision created by conversion of rental mobilehome park to resident ownership; nonpurchasing residents; avoidance of economic displacement At the time of filing a tentative or parcel map for a subdivision to be created from the eoriveraion of a rental mobilehome park to resident ownership, the subdivider shall avoid the economic displacement of all nonpurchasing residents in the following manner: (a) The subdivider shall offer each eadsting tenant an option to either purchase his or her condominium. or subdivided unit, which is to be created by the conversion of the park to resident ownership, or to continue residency as a tenant. (b) The subdivider shall file a report on the impact of the convei9ion upon residentsrof the mobilehome park to be converted to resident owned subdivided interest. (c) The subdivider shall make a copy of the report available to each resident of the mobilehome park at least lb days prior to the hearing on the map by the advisory agency or, if there is no advisory agency, by the legislative body. , (d)(1) The subdivider shall " " * obtain a survey of support of residents of the mobilehome park for the proposed conversion. owner (3) The aurveY shall be obtained pursuant to a written ballot. (4) The survey shall be conducted so that each occupied mobilehome space has one vote. (6) The results of the survey shall he enhmiMnd r., rtio 1....ot e..o ...... ........ ~~.., as__ _e . f~' The subdivider shall be required to avoid file economic displacement of all nonpurehasing residents in accordance with the following: (1) As to nonptrrehasing residents who are not lower income households, as defined in Section b0079.b of the Health and Safety Code, the monthly rent, including any applicable fees or charges for use of any preconversion amenities, may increase from the preconveraion rent to market levels, as defined in an appraisal conducted in accordance with nationally recognized professional appraisal standards, in equal annual increases over afour-year period. (2) As to nonpurehasing residents who are lower income houeeholSls, as defined in Section 60079.6 of the Health and Safety Code, the montlily rent, including any applicable fees or charges for use of any preconversion amenities, may increase from the preconveraion rent by an amount equal to the average monthly increase in rent in the four years immediately preceding the conversion, except that in no event shall the monthly rent be increased by an amount greater than the average monthly percentage increase in the Consumer Price Index for the most recently reported period. (Added by Stata.1991, c. 746 (A.B.1863), § 2. Amended by Stats.1995, c. 2b6 (S.B.310), § b; Stata.2002, c. 1143 (A.B.930), § 1.) Historical and Statutory Notes