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<br /> Pete Hoffmann, Chair and <br /> Members of the Hawaii County Council <br /> <br /> October 29, 2007 <br /> <br /> Page 6 <br /> the historic preservation program has been <br /> approved by the Secretary of the Interior; or <br /> [EBj] ~ [indiyiduall~] Individually listed on a local <br /> inventory of historic places in communities with <br /> historic preservation programs that have been <br /> certified either: <br /> [(-ij] ~ [Iay] ~ an approved State program as <br /> determined by the Secretary of the <br /> Interior, or <br /> [(+i~] ~ [direetly] Directly by the Secretary of <br /> the Interior in states [with] without <br /> approved programs. <br /> Page 8 27-12 [(-0-~] "Market value." For the purposes of determining <br /> def "Market value " substantial improvement, market value pertains only to the <br /> structure in question. It does not pertain to the land, <br /> landscaping, or detached accessory structures on the <br /> property. For determining substantial improvement, the <br /> value of the land must always be subtracted. Acceptable <br /> estimates of market value can be obtained from the <br /> following sources: <br /> (1) Independent appraisals by a professional <br /> appraiser[.-] licensed by the State. <br /> L 4.... L... 6.. a..d «1........,P ..P «Me <br /> ~ Property appraisals used for tax assessment <br /> purposes[.] by the County department of <br /> finance, real property tax office. <br /> [{I~] ~ The value of buildings taken from National <br /> Flood Insurance Program claims data[fused~as-a <br /> This value shall be used as a <br /> screening tool to identify those structures <br /> where the substantial improvement ratio is <br /> less than forty percent or greater than sixty <br /> erp cent. <br /> [C 7~LS°r'rri°ca-°a.a~xxncosco--vaoca-i~irovcii-.c+-pr^v <br /> ..,l.. o... o..t .....,1„ h. ..a,. FF ..F rho 1.....,1 1...;1.1:.,.. <br /> FF n ,1' .l h 1 I <br /> ,.a:....,to.. ~h....l.l ,,..L, h,. , ...al t....l.. <br /> t :.l e., F, rh....e ...~..,.r..«e .,ho o the ...,h~r~.,r;~l <br /> e..re. ah..... F: A. o..t /o lo~~ rho.. F,..-r., <br /> .:.r.,, <br /> <br />