Before proceeding with the conversion of any apartment or other long-term rental unit in a project, the owner shall notify all existing tenants in such project, in writing, of the owners’ intent to convert, and the proposed date thereof. Such notice shall provide, at a minimum, a sixty day review and relocation period, wherein no conversion may be approved by the City until such period has expired. Any tenant may waive any required notice period; provided that such waiver be executed in writing after the date of the notice; provided that all existing tenants waive the required notice period, an owner may proceed with a conversion before the expiration of the sixty-day period. Nothing in this chapter shall prevent an owner from preparing materials and submitting an application for conversion, as required by the City. Nothing in this chapter obligates an owner to proceed with a conversion after notice has been given. All condominium conversion applications shall provide a written report outlining the status of each existing unit as vacant or occupied and copies of all required notices. (Ord. 06-10 (part), 2006)