05/28/1980 Meeting - Laserfiche WebLink

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e Tenants of a building to be converted are affected by the ordinance in the following ways: developer must provide information to all tenants; an affected tenant has a right to stay in the housing unit for six months after notice of conversion is given; no conversion and tenant displacement will occur if rental housing demand seriously exceeds supply; and special-categories units will not be affected unless two independent offers of comparable housing units are given to each tenant through a housing counselor paid for by the developer and moving expenses are paid for by the developer. Purchasers of condominiums are protected in the following ways: the unit must be in compliance with the Housing Code at the time of sale; developer is required to guarantee that the common elements of the building (plumbing, electrical, mechanical systems, and the like) and their components will operate for two years through bond or cash escrow account; the developer must spend the initial replacement reserve account of the unit owners' association; and purchaser must be informed of the condition of the building prior to sale through a certified report of a licensed engineer or architect. e No developer is allowed to transfer ownership of any condominium unit or cooperative share until she/he has obtained a final permit for condominium conversion by the City of Eugene. In order to obtain such a permit, a developer must: have the building to be converted inspected for code compliance; obtain a certified report from a qualified licensed engineer describing the condition and expected use of the life of the components of all the common elements of the building; notify all tenants of their rights under the ordinance and provide them with information on the condominium conversion process; provide information to the City on the condition of the building, the rental history of the building for the previous three years, and information on the tenants' particular needs; and provide moving expenses, a housing counselor, and comparable housing unit offers to each special-category tenant. To obtain a final conversion permit, the developer must: execute a war- ranty guaranteeing the good condition of each component of the common elements in the building for a period of two years; set up a cash reserve escrow account for the benefit of the unit owners' association; repair all housing code violations; and pay the conversion fee. The major definitions are: Affected tenant. Describes those tenants who receive benefits under the ordinance and reside in the building at the time of the notice of planned conversion. Common elements. These must exist for the benefit or common use of more than two unit or share owners. e 5/28/80--13 /