Ordinance No. 18535 - Laserfiche WebLink

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18535 {a} Petitioner, or his pxopert~.es are so situated that the ordinance creates an extraordinary hardship upon either ar both. "E~traordinary~ hardship" shall mean hard- ship of a substantially different kind and degree than that experienced by other property owners affected by this ordi- nance and may include a showing that the operation of the ordinance threatens the petitioner with insolvency and the removal of his yr her properties from the rental market; or {.b~ An unusually adverse effect upon the studies spe- cified in this ordinance, or which ray be later commenced during the r-~oratorium period, or upon the policies of the City of Eugene, will not be created by granting the relief requested. Section 3. This moratorium and the provisions of sections one ar~d two of this ordinance shall not apply to: {:a} Condominium conversions for which written consent of ~0 ~ of all tenants, occupying at the time of the effec- tive date of this ordinance the apartments proposed to be converted, has been obtained. Such written consents shall be filed with the City ~~tanager and shall be accompanied by a notarized affida~rit of the owner of the building or his agent attesting that no coercion ar threat of rent increase eviction, or termination of tenancy, has been used in secur- ing any such consent. fib} Condominium con~rersions which result in a "rental pool" arrangement whereby all un%ts after conversion are owned by investors who do not reside therein, and no dis- ordinance - 12