3A Public Hearing 2008 0303 - Laserfiche WebLink

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Adopted 7/16/2007 -Effective 8/15!2001 Iwith amendments as of January 2006) IV U, l bU Y. ~ City of San Leandro Zontnp Code - grticie 24 estimated property management costs, and homeowner association fees. If the conversion is approved, the developer shat( provide information to the City on the number of tenants who actually purchased their unit. If at any time during the conversion approval Process, a sufficient number of tenants decide not to purchase, or if misrepresentation is discovered, the Planning Cornrriission shall have sufficient grounds for recommending denial of the use permit application. 3, The applicant agrees to sell or rent at affordable prices twenty five percent (25%) of the units to low- end moderate-income households, with a minimum of twenty pert-,ant (20°/a) of the units affordable to low- income households. If the units are to be made available for purchase, the maximum safes price of units intended for low- or moderate- income hour®holds shell not exceed two and one half (2%) tjmes the annual median Income for such households as defined by the California Health and Safety Code, Section 50093. Resale controls ', shall be included as a deed restriction. If the units are to be for rent, the maximum rent allowed shell preserve th® units within the low or moderate-income housing stock C~ Aopfir~tion for Conversion Required. No person shall conv®rt or cause the conversion of an apartment building to a condominium without a rove! of condominium.conversion application b the P n ' PP a referral.. the City Council. y la Wing Commission, or, upon 5-2410 Required Reports and Information After preliminary applications are accepted for further discretionary review, the ap licant shall submit aA the information required for a use permit application, and a tentative ma pursuant to this Code. In addition, the applicant shall submit Information documenting that the project as a whole will be in good repair on the interior and the ®xterior when offe for sale, As part of the material necessary.for the City to determine this to be ~ reports. and/or information required by this Section shall be submitted. The cost of all reports shall be paid by the applicant, and the approved by the City, The reports shall include information o~ whatgirn~o e~ments hall be shah be accomplished by the developer and at what point in the conversion proceedin s such improvements shall be completed. All improvemerrts cited in the reports, whether required or voluntary, shall be considered conditions of approval to the extents ecified in the co~dominiucra copversion.~ approval: ~ . - • .. P . S 7 . The applicant shall be responsible for the remedy of physical conditions within individual units or common areas noted by a prospective purchaser and/or tenant, which have been missed by inspections or which occur subsequent to the inspectieons but prior to the dose of escrow. In case of disagreement between the applicant and the prospective purchaser AR.24 Page 4 of 17