06/09/1980 Meeting - Laserfiche WebLink

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e Mr. Oelay stated that these units would be included in computing the formula but would be excluded from the number of allowable units that could be converted. This would, then, not stand in the way of new multi-unit construction. In response to Mr. Lieuallen, Mr. Delay clarified his proposal by saying it would apply to those built after 1975 but less than ten years old. Ms. Schue said she agrees with the general idea but wondered how it would affect cooperative housing. Generally, cooperative housing is for low-income people and is promoted by the City. These units would be taxed at $500 each and one would be taxing low-income people to raise funds for low-income housing. Ms. Miller stated that Mr. Delay's proposal seems like a sensible suggestion. The ten-year figure is to try to coincide with balloon payment financing. There would be less need to inspect structures that were less than ten years old. Mr. Obie stated he feels this would be encouraging people to convert within the first ten years and he would not like to encourage that. Mr. Lieuallen was concerned that people could rent and not know that the building would be converted before it was ten years old. Mr. Oelay noted these people would be covered under displacement regula- tions. Mr. Lieuallen asked.if there could be a way to ensure that notification would be given to the tenant prior to conversion; he feels these people should be informed that they might face conversion. Mr. Hamel asked how these protections apply to the people who live in the new apartment buildings for low-income people on 8th and 11th avenues since there is a tax-deferred status for 10- years. e Jim Croteau, Planning, stated the apartments at 11th and Olive would remain rentals in perpetuity. Robin Johnson stated that regarding the Lawrence Street apartments, . part of the agreement with the City was that they must remain in low-lncome rental status for 30 years. The agreement with Olive Plaza was that they must pay back the subsidy if they convert. Recess was called. Mayor Keller stated that, due to lack of time this evening, there are two alternatives: 1) to shorten discussion on the condominium item to 20 minutes for each side; and 2) to limit discussion on the proposed euthanasia ordinance or to delay it, which he would hate to do since there are people present from out of town. Council consensus was to shorten the length of time to 20 minutes for each side for the condo- minium item. Written testimony will be accepted through noon on Friday, June 13. The condominium issue will be placed on the June 18 agenda for a decision. e 6/9/80--9