The owner of any historic structure or historic site may, at any time following designation of his/her property, enter into a restrictive covenant on the subject property after negotiation with the Commission. The Commission may assist the owner in preparing such covenant in the interest of preserving the historic structure or historic site; and the owner shall cause to be recorded such covenant in the County Register of Deeds Office, and shall notify the City Assessor of such covenant and the conditions thereof. However, the restrictive covenants shall be within the applicable federal and state regulations.
(Ord. 705/96, passed 3-28-96)