§ 2-120-830 — Economic hardship exception - Application

2-120-830 Economic hardship exception - Application.

Upon final notification from the commission or the city council of a decision to deny an application for a permit to construct, reconstruct, alter, add to, demolish or relocate property given a preliminary recommendation for landmark status or designated as a "Chicago Landmark", the applicant may within 30 days apply to the commission for an economic hardship exception on the basis that denial of a permit will result in the loss of all reasonable and beneficial use or return from the property. The commission shall develop regulations that describe factors, evidence and testimony that will be considered by the commission in making its determination. (Prior code § 21-86; Added Coun. J. 3-11-87, p. 40272; Amend Coun. J. 2-26-97, p. 40085; Amend Coun. J. 9-1-99, p. 10907, § 1)