Sec. 9-4.2703.  Nonconforming buildings: Residential.
   (a)   If any nonconforming building or structure is demolished or destroyed voluntarily, such demolished or destroyed structure shall be rehabilitated or reconstructed pursuant to all current zoning standards and zoning requirements applicable to that zone.
   (b)   In all residential zones, a nonconforming building or structure which was designed or intended for a nonresidential use shall be completely removed or converted to conform to the regulations of the applicable residential zone within a time prescribed by the Planning Commission and the City Council.  It shall be the purpose of the Commission and the Council to determine the reasonable unamortized value of such nonconforming building or structure and to make an allowance of not less than two and one-half (21/2%) percent per annum of the original cost in determining the date by which such nonconforming building or structure shall be removed or converted to a conforming status.
   (c)   If any nonconforming building or structure is demolished or destroyed involuntarily by an explosion, flood, fire, tornado, hurricane or any other natural occurrence, such demolished or destroyed structures may be rehabilitated or reconstructed according to the zoning standards and requirements existing at the time the structures were originally constructed. If the building or structure was originally constructed prior to incorporation of the City of Thousand Oaks, the zoning standards in effect during the year of incorporation (1964) shall apply.
(§ 8162.3, T.O.O.C., renumbered by § XIV, Ord. 173-NS, eff. November 5, 1970, as amended by § 7, Ord. 1230-NS, eff. April 18, 1995)