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ORDINANCE NO. 22-79 BY: Brown, Chinnock, Magnet]o, <br /> McBride, Salmon, Wendling, <br /> Brockman <br /> <br /> AN EHERGENCY ORDINANCE declaring a moratorium on ~;ondominium <br />conversio~s: <br /> <br /> WHEREAS, it is the purp~se '~f the City of Lakewood to <br />establish standards for the development of new and conversion <br />condominiums ir] order to protect the purchasers of condominium <br />units and the residents of apartment buildings designed for a <br />conversion and %:o generally encournge the maintenance and im- <br />provement of the quality of housing, and <br /> <br /> Wq{EREAS many of said apartment bu.ild].ngs recently have <br />been converted to condominiums and further condominJ.um conver- <br />sions are expected, and <br /> <br /> WHEREAS, such condominium conversions are insufficiently <br />regulated by state statute or Lakewood ordinance, and <br /> <br /> WHEREAS, c. onvorsion of ex[sting ~partmcnh bui]di_ngs to <br />condominiums causes financial and relocation hardships for <br />existing tenants and reduces the supply of rental housing in <br />the City, and <br /> <br /> WHEREAS, such conversions will for the most part be irre- <br />versible once comp].eted, and <br /> <br /> WTIEREAS, the citizens of the City o:[ Lakowood rely on the <br />protection o£ the Municipal .Code of I, akewood for zoning, <br />building, housing, and consumer protection ordinances, and <br /> <br /> WI-IEREAS, the re_qu].ation of th~ ,sa].~~ nnd op~,rahJ.on of <br />condominiums will be desirable [or thc, protect[o.n and welfare <br />of. the citizens .of the. City o:[ Lakcwood, and <br /> <br /> WHEREAS, thc I, akewood City. Council nnd Administration have <br />embarkc'd upon studios of l..hJ.~ si.l't~,~t, fou wi Lh a v](:w toward <br />enacting new legJ. slat'._i.on rc, gu].,']Lt~ng such (:o.nv~rs~ons [.n the <br />interest of the health, saf~-~ty, nnd g6nera~, welfare of the <br />ci'tizens of thc City of Lakcw~od, and <br /> <br /> W~.IEREAS, further conve]:'sion o.[ nl~;~r tm<';] buildings to <br />condominiums may adversely influ.encc sn~d studio.'; and' ~fhe effects <br />of such conversion dur.ing the study p,~rJ, od will be largely <br />irrev~r's] blo, and <br /> <br /> W}{EREAS, such convcrsto]~s w_i].] t~ot offer the protection <br />of any poss.i.b]e new r~.clul.;]Li~)~' now <br /> <br />BE IT ()RDAI. NED BY 'l.'llt:] (.'.(.~l'qClI, OF '['lie C.ITY OF LAKEWOOD, <br /> <br />STATE OF O}]J.O: <br /> <br />of Lakowood, ~t moratoril..lm bo alibi i~ h~r,'l)y i.m[.>o::~,,t o~ n]l <br />conversions. Jn ex.is]iht buJ. ldLr~gs w.i thin <br />to c,.,,,~.o;ninium ownership. .:hc i~uJ.l,!]n,~ Co;;missi~-u~cr is dirccto' <br />[o issue no ccrkificaLc o.[ occupan{:y Lo any applic,'~t,t 'or ~aJ.d <br />certificate. This moratorium i.s to romni, t~ in c[fect until t:ho <br />City Council or I,a.l<cw(.)(~(] c, nncts an orclin,~ce t..o rcqu]nt.c tl~c con- <br />version of rcnta] al~nt'tmonts to co~i(.lomJnJun~ owncr~;hi[), and the <br />ordinance takes effect, but in uo eve~t, more Lhan inety (90) <br />clays fo].lowiru~ the effectJ, vo date of thJ_s ordi_na]~ce. <br /> <br /> <br />