In the event that any building or structure in a residential zone for which a special exception or variance has been granted under the provisions of this chapter is substantially demolished or remodeled by the owner as those terms are defined in this section, then, and without further action by the hearing examiner, all special exceptions or variances previously granted shall immediately lapse and become null and void. All further construction on the land on which the building or structure was located shall thereafter comply with the provisions of this title, unless a new special exception or variance is applied for and granted. Variances previously granted to properties within commercial, school district, or governmental zones remain in effect even if those properties are substantially damaged, destroyed, demolished, or remodeled by any cause.
A building or structure will be considered "substantially" damaged, destroyed, demolished or remodeled when the cost to repair the damage, destruction or demolition, or the cost of the remodel, equals or exceeds 75 percent of the fair market value of the building or structure for the year that the damage, destruction, demolition or remodel occurred. For purposes of this section, the "fair market value" shall be presumed to equal the assessed value, unless the owner provides the city with an appraisal prepared and certified by a licensed real estate appraiser, in which case the appraised value shall be used.
(Ord. 628 § 1, 1990; Ord. 805 § 1, 1999; Ord. 962 § 1, 2018; Ord. 1006 § 1, 2024)