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P -1 <br />ADMINISTRATIVE GUIDELINES FOR THE IMPLEMENTATION <br />OF THE PROVISIONS OF STATE LAW RELATIVE TO <br />LOW AND MODERATE INCOME HOUSING WITHIN THE COASTAL ZONE - Page 2 <br />d. Demolition of any structure which has been declared to <br />be, or constitutes a public nuisance, pursuant to the <br />provisions of Division 13 of the Health & Safety Code <br />of the State of California or any Ordinance of the City <br />of Newport Beach enacted pursuant thereto. <br />II <br />DEFINITIONS <br />For the purposes of this policy, the following words and terms <br />shall be defined as follows: <br />1. "Conversion" shall mean any change in the form of ownership <br />of any residential structure, including, but not limited to, <br />a change in ownership to a condominium, stock cooperative, <br />cooperative, community apartment, timeshare or similar form <br />of ownership, such that the right to occupy the structure • <br />is not based upon a rental or lease agreement, written or <br />oral, rather, based upon the purchase of the right to occupy <br />some or all of the structure, for a portion of some or all of <br />the structure, during a portion or all of the year, or for a <br />period of years or in perpetuity, or any change from a resi- <br />dential use to a non - residential use; <br />2. "Demolition" shall mean the destruction or tearing down of a <br />residential structure which has been found feasible for reten- <br />tion, pursuant to Section 30612 of the Public Resources Code; <br />3. "Feasible" means capable of being accomplished in a successful <br />manner within a reasonable period of time, taking into account <br />economic, environmental, social and technical factors; <br />4. "Replacement Unit" shall mean a residential structure suitable, <br />in terms of size and other characteristics, for occupancy by <br />the same number of low or moderate income persons that occupied <br />the converted or demolished unit. <br />5. "Low Income" shall be defined as set forth in §50093 of the <br />Government Code of the State of California; <br />6. "Moderate Income" shall be defined as set forth in §50093 of <br />the Government Code of the State of California; <br />0