Conference/Public Meeting Agendas/Documents — Packet

merely because subdivision and development of the property would be more profitable than the present use. If a proposed subdivision requires one (1) or more variances from the zoning regulations in this chapter, the decision on such variance request(s) shall give specific consideration to the historic preservation considerations in this chapter. If a subdivision is approved consistent with this provision, all new construction on any resulting lot shall be subject to the requirements of the Secretary of Interior's Standards and Visual Compatibility Factors listed above, and the resulting lot on which is located the existing principal structure prior to subdivision shall be deemed a Landmark. All powers to be exercised pursuant to this paragraph shall be within the jurisdiction of the Planning Board. 4. Demolition. (a) In regard to an application to demolish a Landmark, or any improvement within a Historic District, the following matters shall be considered: (1) Its historic, architectural, cultural or scenic significance in relation to the criteria established in subsection 25-30.3b. (2) If it is within a Historic District, its significance to the District and the probable impact of its removal on the character and ambiance of the District, and the criteria which were the basis of the designation of the District. (3) Its potential for use for those purposes currently permitted by the Zoning Ordinance. (4) Its structural condition and the economic feasibility of alternatives to the proposal. (5) Its importance to the municipality and the extent to which its historical or architectural value is such that its removal would be detrimental to the public interest. (6) The extent to which it is of such old, unusual or uncommon design, craft- smanship, texture or material that it could not be reproduced or could be reproduced only with great difficulty and expense. (7) The extent to which its retention would promote the general welfare by main- taining and increasing the real estate values, generating

eat difficulty and expense. (7) The extent to which its retention would promote the general welfare by main- taining and increasing the real estate values, generating business, attracting tourists, attracting new residents, stimulating interest and study in architecture and design, or making the municipality an attractive and desirable place in which to live. (b) The Commission shall be empowered to assist the owner in developing plans to preserve the property when moving or demolition thereof would be a great loss to the Township. The Commission shall be empowered to negotiate with the applicant to see if an alternative to demolition can be found, and may request the applicant to prepare a "Financial Analysis" which may include any or all of the following: (1) Amount paid for the property, date of purchase, and party from whom purchased, including a description of the relationship, whether business of familial, if any, between the owner and the person from whom the property was purchased; (2) Assessed value of the land and improvements thereon according to the most recent assessment; (3) For depreciable properties, a pro forma financial statement prepared by an accountant or broker of record; 165