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6987-02 '- ORDINANCE NO. 6987-02 AN ORDINANCE OF THE CITY OF CLEARWATER, FLORIDA, RELATING TO CHAPTER 51, FLOOD DAMAGE PREVENTION; AMENDING SECTION 51.03 DEFINITIONS, REDEFINING SUBSTANTIAL IMPROVEMENT, APPLICABLE TO ANY PROPERTY LOCATED IN AN AREA OF SPECIAL FLOOO HAZARD IN THE CITY OF CLEARWATER; PROVIDING AN EFFECTIVE DATE. BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF CLEARWATER, FLORIDA: Section 1. Section 51.03 Definitions, Article I. In General, of Chapter 51, Flood Damage Prevention, is amended to read: Chapter 51 FLOOD DAMAGE PREVENTION * * * * * ARTICLE I. IN GENERAL * * * * * Section 51.03. Definitions. * * * * * Substantial improvement means: (1) With respect to any property located on Clearwater Beach or Sand Key, any repair, reconstruction, rehabilitation, addition or other improvement of a structure during a five year period, the cumulative cost of which equals or exceeds 50 percent of the market \'all::le of the structure before the start of construction of the improvement; or (2) With respect to any property located in an area of special flood hazard other than on Clearwater Beach or Sand Key, reconstruction, rehabilitation, addition or other improvement of a structure during a one-year period, the cost of which equals or exceeds 50 percent of the market value of the structure before the start of construction of the improvement. * * * * * Section 2. This ordinance shall take effect immediately upon adoption. PASSED ON FIRST READING May 16, 2002 Ordinance No, 6987-02 PASSED ON SECOND AND FINAL READING AND ADOPTED Approved as to form Leslie Dougall-Sides Assistant City Attorney .Tune 6. 2002 Attest ~&u4lktlJ- 0wG ,tv Cynth; . Goudeau, ~ D City Clerk 2 Ordinance 6987-02