File #: 09-0823    Version: Name: Condominium Conversion - Municipal Code Amendment
Type: Report and Recommendation Status: Failed
File created: 9/16/2009 In control: *Community & Economic Development Committee
On agenda: 11/10/2009 Final action: 11/10/2009
Title: Subject: Condominium Conversion - Municipal Code Amendment From: Councilmember Patricia Kernighan Recommendation: Adopt An Ordinance Amending OMC Chapter 16.36, Condominium Conversions, As Follows: 1) A) To Establish A Pilot Program Providing An Alternate Means For A Limited Number Of High Rent Apartments To Convert To Condominiums And To Establish Increased Tenant Protections In Buildings So Converted And To Establish An Impact Fee For Such Conversions; B) To Facilitate A Limited Number Of Established And Qualified Tenancy In Common Properties To Convert To Condominiums By Eliminating The Requirement For Obtaining Conversion Rights; And C) To Clarify That Residential Rental Units Newly Constructed Or Created From Nonresidential Space Can Use The Conversion Rights They Generated To Convert Those Rental Units To Condominiums On A One For One Basis; And 2) Amending The Master Fee Schedule To Set The Amount Of The Impact Fee For Higher Rent Condominium Conversions at $15,000 (TI...
Attachments: 1. View Report.pdf, 2. View Supplemental Report.pdf, 3. View Supplemental Report.pdf, 4. View Supplemental Report.pdf
Title
Subject:      Condominium Conversion - Municipal Code Amendment
From:            Councilmember Patricia Kernighan
Recommendation: Adopt An Ordinance Amending OMC Chapter 16.36, Condominium Conversions, As Follows:
 
1)  A) To Establish A Pilot Program Providing An Alternate Means For A Limited Number Of High Rent Apartments To Convert To Condominiums And To Establish Increased Tenant Protections In Buildings So Converted And To Establish An Impact Fee For Such Conversions; B) To Facilitate A Limited Number Of Established And Qualified Tenancy In Common Properties To Convert To Condominiums By Eliminating The Requirement For Obtaining Conversion Rights; And C) To Clarify That Residential Rental Units Newly Constructed Or Created From Nonresidential Space Can Use The Conversion Rights They Generated To Convert Those Rental Units To Condominiums On A One For One Basis; And
 
2) Amending The Master Fee Schedule To Set The Amount Of The Impact Fee For Higher Rent Condominium Conversions at $15,000 (TITLE CHANGE)