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iuv, i o v r, ~ L <br />Adopted 7/16/2001 - I:ffectiv~ $/75/2001 <br />Iwith amendments as of J~uary 2006) <br />City of san Leandro ZoninD Code -Article 24 <br />~• Contin enc`. The •intent of the City in requiring the creation of a <br />contingency or reserve fund for condominium conversions is to provide a <br />surety for unexpected or emergency repairs to common areas in the <br />interest of the economic, aesthetic, and environmental maintenance of the <br />community, as well as to protect the general welfare, public health, and <br />safety of the community. Upon the close of escrow for each unify the <br />applicant shall convey to the homeowners' association's contingency fund a <br />minimum fee of two hundred dollars 200 <br />percent (50%) or more of the tote( units in he pro ectlhave bee when fifty <br />applicant shah convey, within thirty (30) days, such fee for each of, the <br />unsold units. Such funds shall be used solely and exclusively as a <br />contingency fund for emergencies, which may arise relating to open space <br />areas, exterior portions of dwelling units, and such other restoration or <br />repairs as may be assumed by the homeowners' associafion. <br />5 2414 Tenant Rights, Benefits, and Notification <br />Applications for condominium conversions shall include the followin <br />relate to tenant nofification: g procedures as they <br />A- Notices of Intent, A notice of intent to convert shall be delivered to each <br />tenant at least sixty (60) days prior to filing the application for a <br />and a tentative map, Evidence of the receipt of such notice shalelrbe <br />submitted with the application for conversion. The form of the notice shalt <br />be in the form outlined by Section 66452,9 of the California Government <br />Code, and shall contain not less than the following: <br />1, The name and address of the current owner, <br />2. The name and'address of the proposed sub-divider, <br />3, The approximate date on which the application and tentative map are <br />proposed to be filed; <br />4• The approximate date on which the final map or parcel map is to be <br />filed; <br />5. The approximate date on which the unit is to be vacated by non- <br />purchasing tenants; - ~ ~ ... _ _..,, _ ~ . , . . . <br />6• The tenant's rights of: <br />a. Purchase; <br />b. Notification to vacate; and <br />AR.24 <br />Page 11 of 17 <br />