Restoration.
A nonconforming structure destroyed or damaged by fire, flood, wind, earthquake, explosion or other casualty, or by the public enemy, to the extent where the cost of restoration would amount to less than fifty percent (50%) of its assessed value, may be restored. If the damage is in excess of fifty percent (50%) of its assessed value or restoration is not started within a period of one year and carried diligently to completion, application for restoration shall be made to the board of adjustments to permit such restoration. Property owners, as shown by the city tax records on the effective date hereof, shall be able to restore their property regardless of the extent of destruction, without making application to the board of adjustments. Owners of a single-family residential home or a duplex residential unit located in a commercial district shall be permitted to restore their home regardless of the date they became the owner of the home and regardless of the extent of the destruction, without making application to the board of adjustments. However, said restoration shall comply with all building and construction codes then in effect within the city.