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1 <br /> <br /> 2 <br /> <br /> i0 <br /> <br /> 11 <br /> <br /> 12~ <br /> <br /> 13 <br /> <br />16 <br /> <br />17 <br /> <br />18 <br /> <br />19 <br /> <br />2o <br /> <br />21 <br /> <br />22 <br /> <br />23 <br /> <br />2~ <br /> <br />25 <br /> <br />26 <br /> <br />27 <br /> <br />28 <br /> <br />29 <br /> <br />3O <br /> <br />32 <br /> <br /> ORDINANCE NO, 4771 <br /> <br /> THE PSB~i~ SAPE~¥~ ~EAL~ ~[~D W~PA~; AND DECLARING <br /> THIS ORDINANCE TO BE AN DRGE~CY MEASDRE, <br /> <br /> WHEREAS ~he city CoUhcil of ~he ~ity of RiverSide has <br />directed the City Piann~ng commission to study ~he conversion of <br />residential real prope~y into condominium projects; and <br /> <br /> WHEREAS the city Planning CommissiOn has completed its <br />s~udy and has recommended ~he adOption of poilcle~ and reguia- <br />tions relatlhg to the conversion of residential ~eal <br />into condomlhi~m p~ojects, community apartment projects or <br />stock cooperative projectS~ and <br /> <br /> WHEREAS the City council has directed the Utlilty Services, <br />Land Use and Energy Development Committee of the City Coun~ii <br />to study the recommendations of ~he city Planning Commission; and <br /> <br /> WHEREAs the committee stUdY will enable the city council <br />to develop definite objectives and policies directed to the con- <br />version of existing residential buildings into condominium <br />projects~ commUnity apartment projects and stOck cooperative <br />projects; and <br /> <br /> WHEREAS the C%ty Council finds that the continued conver- <br />sion of residential real property into'condominium projects, <br />community apartment projects or stock cooperative.~projects may <br />result in conversions inconsistent with the recommendations <br />and plans derived from the utility Services, Land Use and Energy <br />Development Committee study and thereby negate the effects of <br /> <br />such study; and <br /> <br /> WHEREAS the City Council finds ~hat interim zoning <br />prohibiting the conversion of residential real property into <br />condominium projeCts~ commuvity apartment projects or stock <br />cooperative projects is necessary to protect the public safety~ <br /> <br />CALIFORNIA <br /> <br /> <br />