The general purpose of this chapter is to define general and specific objectives, policies and procedures, specifically directed to the conversion of existing buildings into condominiums, community apartment and stock cooperative projects.
(Ord. 02-01 § 1)
In general, conversion of existing buildings to condominiums, community apartment projects, and stock cooperatives should enhance, particularly with respect to persons of lower and moderate economic means, reasonable availability of housing. Conversion of existing buildings to condominiums, community apartment projects, and stock cooperatives should not occur when there is likely to be a major displacement of tenants.
(Ord. 02-01 § 1)
A. 
All other requirements and procedures of the State Subdivision Map Act and the City Subdivision Ordinance shall apply to condominium, community apartment project, and stock cooperative conversions.
B. 
The decision-maker shall deny any subdivision of existing buildings into condominiums, community apartment projects, or stock cooperatives when the conversion will result in the involuntary displacement of any of the existing tenants within five years of approval.
(Ord. 02-01 § 1)
For the purpose of this chapter, the term “condominium” shall be defined as in Section 783 of the Civil Code. The term “community apartment project” shall be as defined in Section 11004 of the Business and Profession Code. The term “stock cooperative” shall be as defined as in Section 11003.2 of the Business and Professions Code.
(Ord. 02-01 § 1)