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<br />AUGUST 23, 2004 <br />PAGE30F5 <br /> <br />13. The applicant for the conversion of an existing apartment <br />development to condominiums shall provide an impound account to <br />be used for the replacement, repair or maintenance of maj or <br />capital items including, but not limited to, painting, roofing, <br />structural improvements, water heaters, floors and lighting. <br />The applicant shall provide this impound account on the basis <br />of $150.00 per unit for all units built one year prior to the <br />effective date of the application. <br /> <br />14. The applicant/developer shall provide preferential purchase <br />arrangements to include minimally a five (5%) percent sales <br />price reduction offer upon completion of physical improvements <br />(interior and exterior). Said requirement does not preclude <br />applicant/developer to provide additional tenant purchase <br />incentives in excess of above stated minimum. <br /> <br />15. The applicant is to comply with the submitted tenant relocation <br />plan, as well as incentives to tenant for purchase of their <br />unit. <br /> <br />16. Covenants, Conditions and Restrictions (CC&Rs) shall be <br />recorded prior to the sale of any units and shall provide for <br />the following: 1) creation of a homeowners' association; 2) <br />perpetual maintenance in good, sanitary and attractive <br />condition of all common areas and improvements including <br />landscaped areas, walls, driveways, parking areas, trash areas <br />and buildings; 3) maintenance of each unit in good, sanitary <br />and attractive condition by the individual owner; 4) the City <br />shall have the same rights to enforce the foregoing provisions <br />of the CC&Rs as the association; and 5) no amendment of the <br />CC&Rs without the prior written consent of the Planning <br />Director of the City. The CC&Rs shall have the written <br />approval of the Planning Director and approval as to form by <br />the City Attorney affixed thereto prior to recordation. <br /> <br />17. A Parking Management Plan (PMP) shall be incorporated within <br />the CC&Rs indicating the covered off-street parking space (s) <br />which will be assigned exclusively to each dwelling unit. All <br />uncovered off-street parking spaces shall be held within the <br />common area to be administered and maintained by the <br />Homeowners' Association; said uncovered spaces shall be held <br />for use by all owners within the project and may not be <br />assigned exclusively. The CC&Rs shall have a provision <br />precluding the alienation (sale-rental) of garage or carport <br />units required by the PMP. <br /> <br />31A-17 <br />