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The conversion of five (5) or more existing residential rental units to condominium ownership. Target area means that area designated by the city from time to time, on an as - needed basis, as a priority area for rehabilitation due to health and safety concerns. Total housing costs the total monthly or annual recurring expenses required of a household to obtain shelter. For a rental unit, total housing costs shall include the monthly rent payment and utilities paid by the tenant (excluding telephone and television). For an ownership unit, total housing costs shall include the mortgage payment (principal and interest), insurance, homeowners' association dues (if applicable), private mortgage insurance (if applicable), taxes, utilities, an allowance for maintenance and any other related assessments. Section 6. Section 41-1902 of Chapter 41 of the Santa Ana Municipal Code is hereby amended to read in its entirety as follows: Sec. 41-1902. - Applicability and inclusionary unit requirements. (a) Applicability. The requirements of this article shall apply to any new residential project comprised of twenty-five (2-95) or more residential lots or residential units I^^^+ w t i,=.which has not received entitlement approvals by the cityCity Council as of [insert date], including new construction, and condominium conversions which e*eeedmeets one or all of the g8neraI plan ^r^s^ hed densities. -following applicability thresholds: (1) A change in use to allow for residential or that exceeds the general plan or zoning prescribed densities or percentage of residential development of the subject property at the time of application. (2) fi2p ;e:,,e:,ti Implementation of (b) Ap as. T�requirements n appl!Ga+iGR to de a of the fellewin„:(!) IRGfease the permitted residential density of the subject prepePty above the de or percentage of residential development allowed as a result of city initiated zone chanaes or city initiated aeneral plan amendments after November 28, 2011 �2T(3 Increase of the permitted percentage of residential development allowed for a mixed -use development above the percentage at the time of the application The ,- n its h.....�.,.1 +h^+ ...hi^h .., ^IInn.1 h., the .fnnni+.. permitted h.. +hthenl nlnn permitted under the zoning classification at the time of application. Ordinance No. NS-XXX Page 5 of 16 City Council 1 - 19 7/26/2021