26.65.020 SUBDIVISION MAP PROCEDURES.

(a) The requirements established in this title for subdivision map review, rather than those for parcel maps, shall be applied to applications for conversions to condominium units, and shall be in addition to those required by applicable State law.

(b) This title shall not apply to the following:

(1) Unless a parcel or final map was approved by the City, the conversion of a community apartment project to a condominium if all of the following requirements are met:

(A) At least seventy-five (75) percent of the units in the project were occupied by record owners of the project on March 31, 1982;

(B) A final or parcel map of the project was properly recorded, if the property was subdivided, as defined in Government Code section 66424, after January 1, 1964, with all of the conditions of that map in effect after the conversion; and

(2) Unless a parcel or final map was approved by the City, the conversion of a stock cooperative to a condominium if all of the following requirements are met:

(A) At least fifty-one (51) percent of the units in the cooperative were occupied or individually owned by stockholders of the cooperative on January 1, 1980. As used in this subsection, a cooperative unit is "individually owned" if and only if the unit is owned by stockholders who hold an interest in only that one unit in the cooperative;

(B) No more than twenty-five (25) percent of the shares of the cooperative were owned by any one person, including an incorporator or director of the cooperative, on January 1, 1980; and