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reasons for denial and recommendations, if any, of the Architectural <br />Board of Review. <br />(g) Effect of Denial: Upon denying an application for a certificate of <br />appropriateness, the Architectural Board of Review shall impose a <br />waiting period to not exceed thirty (30) days from the date of disap- <br />proval during which the applicant may develop a compromise proposal. <br />With respect to an application involving a demolition, the Architectural <br />Board of Review may, at its discretion, extend the aforementioned <br />waiting period a maximum of one (1) year from the date of disapproval. <br />If both parties accept a compromise proposal, the Architectural Board <br />of Review may henceforth approve a final certificate of appropriate- <br />ness, unless unique historic guidelines have been adopted by the Com- <br />mission and pertain, in which case any compromise must also be ap- <br />proved by the Commission. <br />(h) Negotiations During Waiting Period for Demolition: In the case of <br />a denial of an application for a certificate of appropriateness for demo- <br />lition: <br />(1) The Architectural Board of Review, along with the Director, <br />Commissioner, members of the Heritage Advisory Board, and other of- <br />ficials of the City as needed, may participate in negotiations with the <br />owner or owners and any other interested party in an effort to find a <br />means of preserving the property. If the aforementioned do not agree <br />on a means of preserving the property at the initial meeting then they <br />may continue to undertake meaningful and continuing discussion with <br />the propose of finding a method of preserving the property. <br />(2) If the applicant fails to meet with the aforementioned in good faith, <br />in the time specified, then the Architectural Board of Review's denial <br />of the application will stand. <br />(3) If, after holding such good -faith meetings in the waiting period as <br />specified above, and after reviewing a substantial hardship statement <br />filed by an applicant, the Director determines in writing that failure to <br />approve an application for a certificate of appropriateness will create a <br />substantial hardship to the applicant and that such certificate of appro- <br />priateness may be approved without substantial detriment to the public <br />welfare and without substantial derogation from the purposes of this <br />chapter, then the Architectural Board of Review shall approve a certifi- <br />cate of appropriateness for such proposed demolition. <br />(i) Negotiations During Waiting Period for Alteration: In the case of <br />denial of an application for a certificate of appropriateness for construc- <br />tion, reconstruction or alteration: <br />(1) The Architectural Board of Review, along with the Director, <br />Commissioner, members of the Heritage Advisory Board, and other of- <br />ficials of the City as needed, may participate in negotiations with the <br />owner or owners and any other interested party in an effort to find a <br />means of preserving the historic integrity of the property. The afore- <br />mentioned shall investigate the feasibility of all means of preserving <br />the historic integrity of the designated property. If the aforementioned <br />do not agree on a means of preserving the historic integrity of the prop- <br />erty at the initial meeting, then they may continue to undertake mean- <br />