Ordinance No. 18655 - Laserfiche WebLink

Home Browse Search

18655 minium or cooperative housing unit except as provided in this Ordinance. Any developer or other person seeking to convert an existing structure to condominium or cooperative ownership shall first apply for and~obtain~from the Housing and Community Conser- vation Department condominium conversion permits, Such condo- minium conversion permits shall be issued only upon the approval of the Director, or heara.ngs of f leer upon appeal or review, after it has been determined that the existing structure and plans con- form to all applicable provisions of law and this Ordinance, A preliminary or final conversion permit may not.be transferred or sold unless such transfer or sale is first approved by the Director. ~b~ No earlier than thirty ~30~ days prior to the formal filing of an application for a condominium conversion preliminary permit and concurrently with its delivery to the tenants,,the developer shall, deliver to the City'of Eugene a copy of a nota.ce of planned conversion and an offldavit providing a list of tenants who received the notice and showing the date or dates of delivery ar intended delivery of the notices to the tenants, The notice shall contain written information describing, in general: what steps and actions the developer and others, including governmental agencies, will or must take in order for the building to be converted to a condominium ar stock cooperative; how the tenant will be involved, informed, and assisted at each step in the process, and, what rights the tenants have, whether mandated by law yr voluntarily,prvvided by the developer. The notice shall be in plain and simple language, and contain any additional or 5peclflC information required by the City under administrative rules issued. hereunder, ~c~ After th.e notice o~ planned ~cn~rers~.onis given and prior to leasing any unit, any prospective tenant shall be notified in wri~tin~ of the intent to convert and advised that no TAP benefits allowed under Section ~~f~. of this ordinance will be provided to that tenant: ~d} No de~re~.oper or his or her agent shall negotiate for the sale of converted condominium units or cooperative shares to prospective purchasers until issuance of a preliminary permit to convert by the City of Eugene. ~~e~ No developer or his or her agent shall sell any converted condominium units or cooperative shares until issuance of the final permit far condominium conversion by the City of Eugene. Na f.inal conversion permit shall be issued by the City any earlier than l80 days after the filing of the notice of planned conversion with the City. This lS0 day time period may be waived by the Director if all tenants of the building to be converted have moved, executed lifetime leases, or have executed binding agree~.ents to purchase their units or shares prior to the expiration of the 180 day period. This restriction shall not preclude the entering into of lease-purchase agreements between Ordinance - ll