Portland City Code ch. 14 (Land Use Code)

Citation: Portland City Code ch. 14 (Land Use Code)
Jurisdiction: Portland (municipal)
Source: Official source
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day period, the developer may not convey or 17.4.5 Conversion permit
offer to convey the unit to any other person Before conveying or offering to convey a converted
during the following 180 days at a price or on unit, the developer shall obtain a conversion permit
terms more favorable than the price or terms from the Building Authority. The permit shall issue
previously offered to the tenant, unless the only upon receipt of a completed application
more favorable price or terms are first offered therefore in a form to be devised for that purpose,
exclusively and irrevocably to the tenant for an payment of a fee of $25,000 per converted unit, to
additional 60-day period. This subsection shall be adjusted annually in the same way as the fee
not apply to any rental unit that, when under Chapter 14, Section 17.1.8 of this code, at least
converted, will be restricted exclusively to $1,000 of which shall be appropriated to the
nonresidential use. If, within two years after a Housing Safety Office for the administration and
developer records a declaration of enforcement of the Rent Stabilization Ordinance,
condominium, the use of any such unit is Chapter 6, Articles XII and XIII of this code, and the
changed such that but for the preceding remainder of which shall be paid into the Jill C.
sentence, this subsection would have applied, Duson Housing Trust Fund, and a finding, upon
the developer shall be presumed to have inspection, that each unit, together with any
converted in violation of this article. common areas and facilities appurtenant thereto, is
in full compliance with all applicable provisions of
17.4.4 Relocation payments Chapter 6, Articles II, III, and V and Chapter 10,
If the tenant does not purchase the unit, the Article II of the City of Portland Code of