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18535 <br />larly housing for elderly persons, the handicapped, and per- <br />sons of law income, without curtailment or regulation of <br />the condominium conversion process at a local level, the <br />rental housing supply will not neet demands, <br />~. The city staff has embarked on studies of this prob- <br />lem with a view toward new legislation regulating such con- <br />versions in the interest of public health, safety, and welfare. <br />3. Further conversions of apartment buildings to con- <br />dominiums will hinder and impede such studies; the effects <br />of conversions during the study period will be largely ir- <br />reversible; and the results of that study may be made moot <br />without a moratorium on cond~,minium conversions during the <br />period of such study. <br />4. The purpose of such a moratorium is to allow time <br />to study the causes and effects of condominium conversions <br />with a view toward corrective legislation to be enacted at <br />the end of the moratorium period. too violation of LCDC Goal <br />14 occurs by virtue of such a moratorium because the ur ase <br />p p <br />of the moratorium is to prepare legislation designed to <br />preserve the availability of an adequate number of rental <br />units at rent levels co~rnensurate with the financial means <br />of a substantial number of Eugeneans and to allow for con- <br />timed flexibility of rental, types, locations, and densities. <br />5. Such study shall be completed by May 1, 1950, and <br />shall recommend legislation, Any such recommendation shall <br />be made in order to accomplish the following purposes: <br />aR establish criteria for the conversion of <br />existing multiple-family rental housing to condo- <br />Grdinance - 7 <br />