Ordinance No. 18866 - Laserfiche WebLink

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1886b conversion, h.~,s a c~,rxent inc~~ne of less than 80 p of the median income on ~ ye~,xly basis determined for Lane County by the Depa~t~ent ~~ dousing and Urban Development. Unit owner-, ~ devel,oper who awns a unit or share, a person to whom ownership o~ a unit or share has been conveyed, or ~ lessee of a unit ,in a leasehold conda- ~ninium whale lease e.~pires simultaneously with any lease the expiration or tex~mi,nati~an of which will remove the un~:t from. th,.e oondon~i:nium, but not a person having an intexest in a unit o~ 5ha~e solely as security for an obl~.~at~,on. 2.1062 Condominium Con~rersiQn - Scope of Regulations, Sections 2.1060 to 2.1084 of this code shall be applicable to all conversions of rental units to condominiums for which a declara- tion of unit ownership under ORS 91.506 is filed after June 16, 1980, Sections 2.1060 to 2.1084 of this code apply to the con- version of rental units to cooperative apartments, including limited equity stock cooperatives and market stack cooperative units, where articles of incorporation are filed and shares are sold after June 16, 1,9 80. Sections 2 . ,1064 to 2.1D 84 of this code do not apply to any condominium conversion granted an exemp- tion from the operation~of the moratorium under Ordinance No. 18535 and for which project either a public report has issued under ORS 91.614 or a waiver thereof has issued under ORS 91,623. 2,1D64 Condominium Conversion - Limitations. {:1} Notwithstanding any other provision of law, no per- son may convert nor shall the city permit the conversion of any rental unit in the city into a condominium or cooperative hous- ing unit except as provided in sections 2.1D60 to 2.1084 of this code. Any developer ar other person seeking to convert an exist- ing structure to condominium or cooperative ownership shall first apply for and obtain from the Housing and Community Con- servation Department condominium conversion permits. Such con- dominium conversion permits shall be issued only upon the approval of the director, or hearings officer upon appeal or review, after it has been determined that the existing strut-~ tore and plans conform. to all applicable provisions of law and this code. A preliminary ar final con~rersion permit may no.t be transferred or sold unless such transfer or sale is first approved by the director. ~.2~.. No earlier than 30 days prior to the formal filing of an application for a, condominium conversion preliminar~l per-~• mit and concurrently with its delivery to the tenants, the de- veloper shall deli~rer to the city a copy of a notice of planned conversion and an affidavit pravidin~ a list of tenants who re- ceived the notice and showing the date ar dates of delivery or Ordinance - 7