(A) For the purpose of this subchapter, all structures 50 years old or older which are within the boundaries of the Downtown Commercial District and are designated as historically significant sites in need of tax relief to encourage their preservation.
(2012 Code, § 80-52)
(B) To be eligible for a property tax valuation freeze, a property must meet the following requirements:
(1) The property must meet the requirements for designation as a historically significant site in need of tax relief as defined in division (A) above.
(2) The property must meet all requirements for application, certification and verification as set forth below.
(2012 Code, § 80-53)