No building damaged by fire or other cause to the extent of more than 65% of its assessed value shall be repaired or rebuilt, except in conformity with the regulations of this Part
4. No lot shall be reduced in area that any required open space will be smaller than prescribed in the regulations for the district in which said lot is located. Whenever such reduction in lot area occurs, any building located on said lot shall not thereafter be used until such building is altered, reconstructed or relocated so as to comply with the area and yard requirements applicable thereto.