[R.O. 2013 § 409.300; Ord. No. 04-43 § 1, 8-9-2004]
A.
In order to provide for the housing needs of all economic segments of the community, the Board of Aldermen declares that the purposes of this Article are as follows:
1.
To insure that rental units being converted to condominiums meet physical standards;
2.
To help mitigate the impact of eviction for residents of rental units, as a result of their units being converted to condominiums; and
3.
To promote the concept of home ownership and to bring a greater owner-occupied housing on the market affordable by all economic segments of the community, thus encouraging participation in the various economic benefits associated with home ownership.