(A) If the Commission denies the issuance of a certificate of appropriateness for the demolition of a building, structure, or site, the building, structure, or site may be demolished, but only after establishing all of the following:
(1) The property owner has demonstrated to the Commission that the historic building, structure, or site is incapable of earning an economic return on its value, as appraised by a licensed real estate appraiser.
(2) The property owner shall file with the Administrator documented evidence that good faith effort is being made to sell or otherwise dispose of such property at or below fair market value to any public or private person or agency which gives a reasonable assurance of its willingness to preserve and restore such property. Such documented evidence shall be provided at the property owner's expense and shall include:
(a) Offering price;
(b) Date the offer of sale is to begin;
(c) Name and address of listing real estate agent, if any;
(d) A copy of an advertisement to run in the same manner as the notice in § 151.044 below, which offers the property for sale; and
(e) An appraisal of the property's fair market value by a licensed real estate appraiser.
(Ord. G-06-08, passed 6-10-08)