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ORDINANCE N0. 1890
AN ORDINANCE OF THE CITY OF CHULA VISTA AMENDING
CHAPTER 15.56 OF THE CHULA VISTA MUNICIPAL CODE
BY ADDING THERETO A NEW SECTION 15.56.005 RELATING
TO CONVERSION OF MfJLTIPLE DIVELLING ONITS HELD
WiDER SINGLE OWNERSHIP TO INDEPENDENf OIVNERSHIP
As a Unanimous Consent Item at the meeting of January 15, 1980, the
City Council unanimously approved this ordinance (Councilman Scott
was absent) .
The ordinance indicates that all requirements and regulations that
apply to condominium projects will now apply to stock cooperatives,
community apartment projects or any other form of ownership which
allows independent ownership of units otherwise held under a common
and unified ownership.
Copies of the ordinance are available at the office of th�City Clerk,
City Hall, 276 Fourth Avenue.
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City Clerk
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, ORDINANCE NO. 1890
AN ORDINANCE OF THE CITY OF CHULA VISTA Af9ENDING
CHAPTER 15. 56 OF THE CHULA VISTA MUNICIPAL CODE
BY ADDING THERETO A NE�V SECTION 15, 56. 005 RELATING
TO CONVERSION OF DIULTIPLE DWELLING UNITS HELD UNDER
SINGLE Oi+TNERSHIP TO INDEPENDENT OWNERSHIP
The City Council of the City of Chula Vista does ordain
as follows:
SECTION I: That Chapter 15. 56 of the Chula Vista
i•iunicipal Code is hereby amended by adding thereto a new Section
15. 56. 005 to read as follows:
Sec. 15. 56. 005 Conversion of Multiple Dwelling
Units to Independent Ownerships.
It is the intent of the City Council to establish
herein regulations and requirements for the conversion
or development of condoniniums, stock cooperatives,
community apartment projects or any other form of
ownership cahich would allow independent ownership of
units otherwise held under a common and unified owner-
ship.
For the purposes of this section, the following
ownerships shall be subject to the full regulations
of this chapter although not exclusively and subject
to the following definitions :
"Condominium" is an estate in real property con-
sisting of an undivided interest in common in a
portion of a parcel of real property together with
a separate interest in space in a residential, indus-
trial or commercial building on such real property,
such as an apartment, office or store. A condominium
may include in addition a separate interest in other
portions of such real property.
"Stock Cooperative" is a corporation which is formed
or availed of primarily for the purpose of holding
title to, either in fee simple or for a term of years,
improved real property, if all or substantially all of
the shareholders of such corporation receive a right
of exclusive occupancy in a portion of the real pro-
perty, title to which is held by the corporation, "which
right of occupancy is transferable only concurrently
with the transfer of the share or shares of stock in
, ,,,,, the corporation held by the person having such right
of occupancy.
"Community Apartment Project" is a project in which
an undivided interest in the land is coupled with the
right of exclusive occupancy of any apartment located
thereon.
It is the purpose of the Council in adopting this
ordinance to apply all regulations referring to condo-
minium projects to all stock cooperatives, community
housing projects and any similar ownership forms in
the same manner as if said terms were substituted for
condominium projects as conditioned in this chapter.
SECTION II : This ordinance shall take effect upon first
reading and adoption if passed by at least four affirmative votes.
Presented" Approved as to form by ,
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George D. Lindberg, Ci'ty Attorney
APPROVED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, qT FIRST READIi�6 THIS 15th DAY OF January
_ ,
�98�_, by the following vote, to—wit:
AYES: Councilmen.; Hyde, McCandliss, Gi11ow,Cox
NAYES� Councilmen � None
ABSTAItV� Councilmen : None
ABSENT: Counciimen :� s��rr
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Mayor of ihe City of Chula Visia
ATTEST. .
City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY ihat the above and foregoing is a full, irue and correct copy of
ORDINANCE N0. 1890 ,and that the same has not been amendedor repealed.
DATED
(seal) City Clerk •
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