This chapter shall be immediately applicable to all property within any designated historic or conservation district for which the owner has signed the original petition requesting such district designation. It shall apply to all other property within a district upon the first transfer of ownership in such property by deed, contract or inheritance, after the adoption date of the ordinance establishing the applicable district, or 20 years from the date of adoption for such ordinance, whichever event shall first occur.
(Prior Code, § 158.14) (Ord. 26-2000, passed - -2000)