For purposes of this chapter, a historic structure, historic site, or historic district designation may be placed on any site, natural or improved, including any building, improvement, or structure located thereon, or any area of particular historic, architectural, archeological, or cultural significance to the City, such as historic structures, sites, or districts, which:
A. Exemplify or reflect the broad cultural, political, economic or social history of the nation, state or community;
B. Are identified with historic personages or with important events in national, state or local history;
C. Embody the distinguishing characteristics of an architectural type or specimen inherently valuable for a study of a period, style, method of construction, or of indigenous materials or craftsmanship;
D. Are representative of the notable work of a master builder, designer, or architect who influenced his or her age; or
E. Have yielded, or may be likely to yield, information important to prehistory or history.