The intent of this chapter is to regulate the conversion of existing rental housing into community housing projects, condominiums, community apartments or stock cooperatives in order to:
A.
Maintain an adequate supply of rental housing units in the City and to reduce the impacts of conversions on residents in rental housing who may be displaced by providing procedures for notification of tenants.
B.
To promote the safety of conversion projects by requiring the correction of building code violations and the upgrading of existing rental housing units to current building and zoning code standards at time of conversions.
C.
To provide for the protection of potential purchasers of converted units.
(08-05)