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HomeMy WebLinkAboutOrd 1980-1903 ORDINANCE N0. 1903 AN ORDINANCE OF TF� CITY OF CHULA VISTA AI�tENDING CHAPTER 15.56 OF TNE CHULA VISTA MUNICIPAL CODE BY ADDIA'G THERETO A NE{Y SECTION 15.56.00S RELATING TO CONVERSION OF h1ULTIPLE DiYELLING ' UNITS HELD Wi DER SI\'GLE 0{PNERSHIP TO INDEPENDENT OW��ERSHIP By a unanimous vote of the City Councii on P4arch 25;; 1980, the ordinance was placed on second reading and adopted. The purpose of the ordinance is 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 Chapter 15.56 of the Chula Vista hlunicipal Code. Copies of the ordinance are available at the office of the City Clerk, 276 Fourth Avenue, Chula Vista. Jen ie M. Fula z,Ch1C, City C1 i . * _ ,y . - � . r� , . _ .q s. . . =1•. Yt.w . r�x . . . Y: , = � 1 , � - y� y ' __S � ` Q f . . I f • l` � 1� � �1_� . : � y . ".� , " , � r f'. ' . .� �� ORDINANCE NO. 1903 G� �,�.,.'a � AN ORDINANCE OF THE CITY OF CHULA VISTP. AMF,NDING CHAPTER 15.56 OF THE CHULA VISTA MUNICIFAL CODE BY ADDING THERETO A NES4 SECTION 15. 56. 005 RELATING TO CONVERSION OF MULTIPLE DWELLING UNITS HELD UNDER SINGLE OWNERSHIP TO INDEPENDENT CWNERSEIP The City Council of the City of Chula Vista does ordain as follows: SECTION I : That Chapter 15. 56 of the Chula Vista Municipal Code is hereby amended by adding thereto a new Section 15. 56. 005 to read as follows : Sec. 15. 56. 005 Conversion of Multiple Dcvelling Units to Independent Oc�rnerships. J � Zt is the intent of the City Council to establish herein regulations and requirements for the conversion or development of condominiums, stock cooperatives , community apartment projects or any other forr� of ownership �ahich caould allow independent ocanership 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, �vhich 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 �•rhich an undivided interest in the land is coupled cvith 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 c�operatives , community housing projects and any similar ownership forms in the same manner as if said terms c•rere substituted for condominium projects as conditioned in this chapter. SECTION II : This ordinance shall take effect and be in full force on_.the thirty-first day from and after its adoption. Presented by Approved as to form by � t �' ��� �� . � ' D: J. I� irectDr o P anning George D. Liridbesg, City At�rney I FIRST READ AT A REGULAR MEETING OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA� HELD March 18, , 19 80 � AND FINALLY PASSED AND ADOPTED AT A REGULAR MEETING THEREOF HELD March 25 j I9 $� . BY THE FOLLOWING VOTE, TO-WIT ; . AYES� Councilmen ; Scott. Gillow. Cox, Hvde McCandliss NAYES� Councilmen ; None ABSTAIN: Coimcilmen ; None - ABSENT: Councilmen � None �� '�1�� .. Mayor of ihe City of Chula Vista ATTE City Cterk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, JENNIE M. FULASZ, CMC, GTY CLERK of ihe City ot Chula Vista, California, DO HEREBY CERTIFY that ihe above and foregoing is a full, irue and correct copy of ORDINANCE N0, 1903 ,ond fhat the same has not been amended or repealed. DATED (seal) City Clerk cc-sso i� 03