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Session 1258, Minutes Page 7 September 22, 1980 Mr. Robinson noted that the conversion of these apartments would definitely upgrade them, and that Kenstan would do whatever it could to help tenants buy, if they wished, or to help relocate them, if possible. In answer to Mr. Adams, Mr. Shapiro said the apartments had 860 square feet each. Mr. Adams asked if there was a large demand for condominiums, and Mr. Shapiro said the housing industry had not caught up with housing needs for single-family dwell- ings, and condominiums answer an economic need for housing at a minimum price per square foot. Mr. Adarns did not feel $40,000 was a minimum price, and Mr. Shapiro said that was a reasonable price for an apartment in a very nice building in a de- sirable location. Mr. Adams was concerned that these units would be difficult to sell because of current real estate conditions and high interest rates° Mr. Shapiro said he thought interes~ rates would be coming down, and he anticipated a good hous- ing market° Mr. Kelley moved to approve the application. Mrs. Metcalfe seconded the motion. Mrs. Thompson said she was concerned about the senior citizen tenants and their be- ing able to find another home~ Mrs. Marilyn Shapiro was asked to come forward. Mrs. Shapiro said she had talked to each tenant except one (who was out of town), and only one had said she would not stay. She said if others had told her they were not going to stay, she would have worked with them, also. She said the others were waiting to see what the selling pri~e would be. She said an apartment would be available, with one .month's notice, in Canterbury Gardens for the tenant that she worked with, at a price less than her present rent, with the same facilities she now has. Mrs. Thomp- son said she was not opposed to condominiums as such, but had concern for those who may be displaced. Mrs° Shapiro said she would work with anyone who wished to move to try and find comparable quarters. In response to Mr. Adams, Mrs. Shapiro said no plans had been made to furnish relocation or moving expenses to tenants. All voted Aye on Mr. Kelley's motion except Mr. Sabol and Mrs. Thompson, who voted Nayl Mr. Ollendorff noted that he had proposed some changes in the condominium ordinance, which had been distributed to Council just prior to the meeting. He suggested that Council study them with a view toward recommending to him how they would like to pro- ceed on this matter~ .Mr~ Adams suggested that any further conversions be held in abeyance until the Coun- cil has a chance to review these suggestions. Mr. Kelley said this was not to be tak- en as a Council directive, and the City Manager should follow the ordinances now on the books until such time as they are changed. Mr. Adams then asked that an emergency ordinance be drawn up declaring a three-month moratorium on condominium conversions so the Council has a chance to examine alterna- tives and decide what changes they would like. SPECIAL BUSINESS DISTRICT - PUBLIC HEARING The City Manager said a public hearing was scheduled for 8:00 P.~.' to discuss the es- tablishment of a special business district which would authorize special taxes on business and commercial property for the benefit of that district. All papers have been filed and are in order. Several changes are proposed--to exclude Market in the