Ordinance No. 18655 - Laserfiche WebLink

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18655 motion required for additional development and annexa- tion of property as detailed in CRS 92.518, the unit association by-laws given pursuant to CRS 91.531, the notice of intention filed pursuant to CRS 91.642, the condominium public report issued pursuant to CRS 91.614, the housing code inspection report required under Sec- tion 6~a} of this Ordinance, the informational brochure described at Section 6 ~c} ~2 } of this ordinance, the engineer's certificate required under Section 6~b} of this Ordinance, the building history report required under Section 6 ~.d} ~2 } of this Ordinance, the TAP con- tract required under Section 6 fie} of th~,s Ordinance, and any other document defined as a condominium instrument under administrative rules issued hereunder. "Condominium instrument" as applied to cooperative housing unit pro- jects shall, include any document equivalent to those identified above as well as the articles of incorporation, by-laws, executed regulatory agreements, occupancy or subscription agreements, management contracts, management plans, and applications for mortgage insurance of the cooperative corporation. Condominium Unit - that part o~ the property consist- ing of a building or one or mope rooms intended far any type of independent residential ownership, the boundaries of which are described pursuant to paragraph Vic} of sub- section ~l} of CRS 91.509,. and which has a direct exit to a public street or highway or to a common area or areas leading to a public street or highway. Conversion - the process whereby more than two ~2} rental housing units sharing one or more common elements are con~rerted from ownership in whole by a person or group of persons to ownership by several persons whose ownership interests are separate as to residential or commercial units located on the real property. "Condo-- minium conversion" includes the process prescribed by Oregon Laws, 1979 Chapter 650, Sections one through five, and the process of converting rental units to co- operative housing units, but not including the process of converting non-residential commercial or industrial buildings to residential condominiums or cooperative housing units. Cooper five pausing - improved real property owned or leased by a cooperative housing corporation or by any other corporation, partnership, trust or association in which all or substantially all of the shareholders of the corporation or partners of the partnership or bene- ficiaries of the t~'ust ar members of the association receive a right of exclusive occupancy in a rental unit of the building, which right of occupancy is transferable only concurrently with the transfer by any means of the stock, partnership interests, beneficial interest, or Ordinance - 7