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When considering the elimination of an Historic District, the Study Committee shall follow the procedures set forth in Section 1470.04 for issuing a preliminary report, holding public hearings and issuing a final report, but with the intent of showing one or more of the following:
(a) The Historic District has lost those physical characteristics that qualified it for establishment as an Historic District.
(b) The Historic District was not significant in the way previously defined.
(c) The Historic District was established pursuant to defective procedures.
(Ord. 14-97. Passed 8-5-97.)