Notwithstanding anything in the Zoning Ordinance to the contrary, the owner of a nonconforming manufactured home that occupies a lot within the city may remove the manufactured home from its location and place another manufactured home on the same property, provided that the replacement is a newer manufactured home and is at least as large in living space as the prior manufactured home, and provided that the installation complies with all applicable state or local regulations and the owner applies for a permit and commences installation within twelve (12) months of the date of removal. The failure of the owner to start such installation within twelve (12) months shall forfeit the owner’s right to replace the manufactured home. Replacement of a manufactured home in accordance with this subsection is limited to a single replacement.