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<br />(k) The project shall be built in compliance with all applicable <br />codes, ordinances, and regulations of federal, state, and <br />local governments. <br /> <br />(I) All required licenses and permits shall be obtained before <br />construction and maintained as required by law. <br /> <br />(m) Taxes and fees associated with the property shall be paid <br />when due. <br /> <br />(n) The existing structure(s) located at 739 High Street shall <br />not be demolished. The owner may demolish one or more <br />of the structures after the substantial destruction of such <br />structure or structures by fire, explosion, act of God or the <br />public enemy to the extent of sixty percent (60%) or more <br />of its replacement value as determined by the Building <br />Official using the RS Means or a similar cost evaluation <br />system for comparable construction. <br /> <br />3. EXPIRATION OF PERMIT: Unless extended as provided under <br />Section 40-115 of the Code of the City of Portsmouth, Virginia (2006), the housing use <br />permit shall expire for any portion ofthe approved project for which building permits <br />have not been issued if the applicant fails to apply for all building permits for the entire <br />project within one year of the adoption of this resolution. <br /> <br />4. REVOCATION OF PERMIT: Violation of any of the above conditions <br />may serve as grounds for revocation of the permit by the City Council. <br /> <br />ADOPTED by the Council of the City of Portsmouth, Virginia, at a meeting held <br />on June 10, 2008. <br /> <br />Teste: <br /> <br />City Clerk <br />