3A Public Hearing 2008 0303 - Laserfiche WebLink

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residents who purchase a market price unit up to a $4,000 discount, depending on longevity of tenant occupancy if they purchase the unit they are renting or another unit in the project. b. Tenants will be given notices to vacate in accordance with Section 5-2414 (e) of the City of San Leandro Zoning Code. This provides that tenants will not have less than one hundred eighty (180) days after the date of the tentative map approval by the City or the expiration of the tenants lease. c. Tenants will be permitted to terminate leases or tenancy with one- (1) month's written notice at any time after the conversion application is submitted to the City of San Leandro. 7. Tenants rent will not be incre-aced within two (2) months prior to the tentative map application, and will not be increased for two (2) years from the time of the filing of the project application or until relocation takes place. 8. All non-purchasing tenants sixty-two (62) years old or older and all non-purchasing,. medically proven, permanently disabled tenants shall receive a lifetime lease. Rents for such tenants shall not be increased for two (2) years after the filing of the project application. The following non-purchasing tenants shall receive a minimum of twelve (12) months' relocation time, measured from the tentative map approval, to find replacement housing: a. Tenants with low or moderate incomes b. Tenants with minor children in school 9. The subdividcr shall provide moving expenses equal to three (3) times the monthly rent to any tenant, in compliance with all the terms of the subject lease and/or financing, who relocates from the building to be converted after City approval of the use permit and tentative map authorizing conversion of the units. When the tenant has givers notice of his intent to move prior to City approval of the use permit, eligibility to receive moving expenses shall be forfeited. . ', 10. Pricing cannot be determined at this time, however it is anticipated that market rate studio unit and one bedroom unit will start in the mid to high $200,000's. It is anticipated that mazket rate two bedroom units will start in the mid to high $300,000's. For persons qualifying for the lower or moderate units the pricing. has yet to be determined. The purchase discount of up to $4,000 referenced in item #6a above shad not apply to these units.