15.72.200 Proof of unreasonable economic hardship.
In cases in which an applicant makes a claim of unreasonable economic hardship, the applicant shall provide the following information which shall include but is not limited to, ownership or operation of the property, mortgage or financing information, market value, structural integrity, rehabilitation costs, assessed value, real estate taxes, debt service, and potential adaptive re-use, and:
A. For income-producing property:
1. Annual gross income from the property for the previous two years;
2. Itemized operating and maintenance expenses for the previous two years;
3. Annual cash flow, if any, for the previous two years.
B. For low-income owners: a statement of present household income and the number of persons in the household. Low-income households shall be defined as meeting the income level established by the U.S. Department of Housing and Urban Development.
C. The staff of the commission may require that an applicant furnish additional information which would assist the commission in making a determination as to whether or not the property does yield or may yield a reasonable return to the owner(s), e.g., pro-forma financial analysis. In the event that any of the required information is not reasonably available to the applicant and cannot be obtained by the applicant, the applicant shall file with his affidavit a statement of the information which cannot be obtained and shall describe the reasons why such information cannot be obtained. (Ord. 4460 § 1, 2007)