§ 60.3. Restoration.

A non-conforming building may not be structurally altered for continuance as a non-conforming use if the cost of such alteration exceeds fifty (50) percent of its replacement cost less depreciation as estimated by the Tax Assessor. Should the Tax Assessor and the property owner be unable to agree on said cost, the Assessor and the property owner shall select an appraiser and these two appraisers shall select a third; and the three appraisers, acting as an arbitration board, shall by majority decision arrive at a proper value. The expense of employing the three appraisers shall be shared equally by the City and the property owner. Determination of the arbitration board shall be binding upon both parties.