Chapter 25 ZONING ORDINANCE.
Article 20. Condominium Development.
Sec. 25-20-01. Purpose.
This article provides for development of real property consisting of: (1)
an undivided interest in common in a portion of a parcel of real property
together with a separate interest in space in a multi-unit residential building
on the real property, or (2) a stock cooperative, or (3) a community apartment
project and, accordingly, this section regulates individual ownership or lease
or share of such multi-unit buildings which for ease of reference shall
generally be referred to herein as "condominiums" so that they meet the
(1) To provide for inhabitant ownership lease or share
of residential units while recognizing the need for a balanced housing mix
including the maintenance of rental housing inventories in the city.
provide a reasonable balance of adequate rental and ownership housing on site
and/or in the neighborhood.
(3) To provide adequate administrative measures
for the protection of the property rights of prospective condominium
(4) To provide mitigation measures to alleviate problems of
rental tenants impacted by condominium conversion.
(5) To insure that new
units being constructed and rental units being converted meet the reasonable
development standards required by this article and all other applicable city
(6) To promote the residential stability and diversity of
the community by encouraging neighborhood maintenance, preventing major
displacements of people, and facilitating inhabitant ownership of residential
units. (Amended during the March 2009 supplement.)