For the purposes of this chapter, the following words and phrases shall have the meanings respectively ascribed to them by this section:
means the owner or subdivider with a controlling proprietary interest in the condominium conversion project, or the person or organization making application under this chapter.
means that date on which the completed application for conversion was received by the city.
means the organization of persons who own a lot, parcel, area, condominium or right of exclusive occupancy in a condominium conversion project.
means a fund set aside to defray the expenses of major repairs, reconstruction or maintenance. The fund shall not be used for the routine maintenance of ground or other common areas.
means a project in which an undivided interest in land is coupled with the right of exclusive occupancy of any apartment located therein.
means an estate in real property consisting of an undivided interest in common in a portion of a parcel of real property, together with a separate interest in space in a residential, commercial, or industrial complex located on such real property. A "condominium" may include, in addition, a separate interest in other portions of such real property.
means the development of land and existing structures as either a condominium, stock cooperative or community apartment project. "Conversion" does not include development of previously undeveloped land to a condominium, stock cooperative or community apartment project. "Conversion" does not include development of previously undeveloped land to a condominium or stock cooperative nor shall "conversion" include the redevelopment of previously developed land in such forms when all of the structures will be removed from the land prior to the redevelopment.
means the declaration of restrictions, articles of incorporation and bylaws of the association.
means a corporation formed primarily for the purpose of holding title to, either in fee simple or for a term of years, improved real property if all or substantially all of the shareholders of such corporation received a right of exclusive occupancy in a portion of the real property, title to which is held by the corporation, which right of occupancy is transferable only concurrently with transfer of the shares of stock in the corporation held by the person having such right of occupancy.
means the person or persons who have signed a rental/lease agreement with the landlord and any persons living with this person in compliance with that rental agreement.
(Ord. 1719 § 1, 2010)