09/10/1985 Meeting - Laserfiche WebLink

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EUGENE'S CONDOMINIUM CONVERSION ORDINANCE . Sep1:emoer 11, !9cb . Pa ge 3 the ordinance S1:ate that they did so not to begin :he conversion process at that time, but to assure that if ever the time to market condominium conver- sions returned, they would have that option. In all six applications for conversion presen1:ed to the City since adootion. the extended notice period of 180 days was not an issue at any time. Because all of the projects that have =pplied did so in 1981 and 1982, and none has actually converted to condominiums, the reauirements of the ordinance have applied to these projects for years instead of months. Rent control, services of a housing counselor. and payment of moving expenses are all required even though these protections have less relevance because of the extended time factor and because no one has been forced to relocate. Also. the indefinite time period to convert ~ay make the recuired architec1: or engineer report on the expected useful life of all common elements inaccurate which, in turn, affects the calculation of the common element reserve account. In addition to the circumstantial chances described above that affect the tenant orotection ~rcv;sions of the ordinance. State law has been amended , , relati ng to conversi on and rray dupl i ca te some or Eugene 's orci nance provi- sions. . At the time the ordinance was adopted, it was not foreseen t~at the housing ) situation would change so radically. For example~ Eugene's population declined during the period 1980 to 1983 by 2,544. gut in 1984~ population again rose to about 500 over the 1980 level.. Even though there were wide swings in population, the city's multiole-family housing stock still increased by 514 units in the same time oeriod. Basec on this cata, the formula estab- lished in the Drdinance would allow 4,405 units to convert in 1985. This represents nearly 38 percent or the entire multiple-family housing stock. (See attachments for explanation of conversion rate formula.) Althouah some of the conditions under which the ordinance was adooted have altered these past five years, it is staff's opinion that the basic protec- tions provided by the ordinance need to remain in place, should the City again experience a period or grovlth when conversions become marketable. The current 1 un in conversion activity provides the opportunity to ~~ke needed adjust- ments to the ordinance. Suggested Action Direct staff to work with the Planning Ccmmission to uodate the Condominium Conversion Ordinance. Staff has iden1:ified the following general areas I'mich should be reviewed: l. Housekeeoino Items. References to State 1a\'/ and administering ,e aeDaru~enT. neea to be amenaed. The department charged with a&lini- ) s~riltion (Heel no ionger exists ilna State law has been changec since aQopt"ion. .'