(A) All new residential development of more than four units, and all commercial, industrial and public development projects, with a building valuation exceeding $50,000 shall be subject to the provisions of this chapter; provided, that the value of a residential unit covenanted for very low, low, and moderate income households shall not be included when determining the value of a residential development.
(B) Including, but not limited to, exterior modifications and additions, all remodeling of existing residential buildings of more than four units and all remodeling of existing commercial, industrial and public buildings, shall be subject to the provisions of this chapter when such remodeling has a valuation exceeding $50,000 excluding earthquake rehabilitation required by this code for seismic safety. As used herein, the value of a residential unit covenanted for very low, low, and/or moderate-income households or for senior citizens shall not be included when determining the value of a residential development.
(Ord. 1245, passed 9-15-04)