(a) General. The tax exemption under this section may be combined sequentially or simultaneously with other tax exemptions in this article. Tax exemptions based on maintenance are permitted at any time (including during the term of a previous tax exemption) if the owner provides additional maintenance limited to repair, reconstruction, or maintenance of the exterior facade, meeting the minimum expenditure based on the pre-rehabilitation value applicable to the subsequent application, and otherwise meets all requirements of this article.
(b) Tax exemption based upon maintenance of a contributing structure.
(1) Eligibility for tax exemption. To be eligible for this tax exemption:
(A) the historic property must be in a historic district; and
(B) the maintenance expenditures for the contributing structure must equal or exceed three percent of the pre-rehabilitation value of the contributing structure (excluding value of the land).
(2) Eligible expenditures. Maintenance expenditures may include the following items if done in compliance with all city regulations, building codes, and ordinances:
(A) Foundation repair, upgrade, or replacement.
(B) Exterior wall repair, weather proofing, and insulation.
(C) Exterior painting.
(D) Window repair, weather proofing, and insulation.
(E) Roof repair or replacement, including roofing materials, and structural, venting, and drainage systems.
(F) Electrical repair or replacement.
(G) Heating, venting, and air conditioning repair, installation, or replacement.
(H) Plumbing repair or replacement.
(I) Fireplace repair or replacement.
(J) Porch repair.
(3) Proof of expenditure. Proof of maintenance expenditures must be provided within 12 months after the landmark commission's determination of eligibility.
(4) Value and duration.
(A) The added value of the historic property over the pre-rehabilitation value will be exempt from city property tax.
(B) This tax exemption will begin as soon as possible after verification and have a duration of three years. (Ord. 29953)