Restoration Of Damaged Building. A nonconforming building or structure which is damaged or partially destroyed by fire, flood, wind, earthquake, or other calamity or Act of God or the public enemy to the extent of not more than seventy-five percent (75%) of its value, exclusive of foundations, may be restored and the occupancy or use of such building, structure or part thereof, which existed at the time of such partial destruction, may be continued or resumed, provided that such restoration is started within a period of one (1) year and is diligently prosecuted to completion. In the event such damage or destruction exceeds seventy-five percent (75%) of the value, exclusive of foundation or such nonconforming building or structure, no repairs or reconstruction shall be made unless every portion of such building or structure is made to conform to all regulations for new buildings in the district in which it is located; provided, however, that any building or structure that is nonconforming due to off-street parking requirements, and is conforming in every other respect, may be restored regardless of the extent of damage; and provided, however, that any single-family residence that is nonconforming due to its location in a commercially zoned area, and is conforming in every other respect, may be restored regardless of the extent of damage.