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(i) During the period that the assessment credit is applied, if any real estate taxes levied against the property are delinquent for thirty (30) or more days and the city assessor is notified of the delinquency by the city treasurer, then the city assessor shall revoke the assessment credit. The revocation shall be effective as of thirty (30) days after the tax was due and shall not be retroactive. Sec. 35-190. Does not apply when historic structure demolished. Where rehabilitation is achieved through demolition or replacement of an existing structure, the assessment credit provided for in this division shall not apply when any structure demolished is a registered Virginia or federal landmark or historic structure or is determined by the state department of conservation and historic resources to contribute to the significance of a registered historic district. Sec. 35-191. Division does not authorize listing reduced value in land book. Nothing in this division shall be construed as to permit the city assessor to list in the land book any reduced value due to the assessment credit provided in this division. Secs. 35-192-35-215. Reserved. DIVISION 6. REHABILITATED REAL ESTATE IN URBAN ENTERPRISE ZONE Sec. 35-216. Authorized; amount; duration. Pursuant to Code of Virginia, § 59.1-283, and the designation as an enterprise zone of such area(s) as approved by the Governor of the Commonwealth of Virginia and described in those official Portsmouth, Virginia Enterprise Zone real estate parcel maps, which shall be retained by the local enterprise zone administrator, and as may be amended from time to time, a real estate assessment credit is hereby authorized for residential, commercial, industrial, and mixed use real estate which is located within such zone and which has undergone substantial rehabilitation, renovation or replacement. For purposes of this division, the term "mixed-use" shall mean any building developed as a mixed-use development, as defined in chapter 40.2 of this code. The assessment credit shall be in an amount equal to the increase in the assessed value resulting from the rehabilitation, renovation or replacement of the real estate, as determined by the city assessor, and this amount only shall be applicable to any subsequent assessment or reassessment for a period of ten years commencing on July I of the year following the completion of the rehabilitation, renovation or replacement. If a residential, commercial, industrial, or mixed-use structure located within such zone has been improved through substantial rehabilitation, renovation or replacement so as to increase the assessed value of the structure by at least 100 percent without increasing the square footage of the structure by more than 15 percent, the assessment credit shall continue but shall be reduced by 15 percent annually for a period of five additional years so that the assessment credit in the 1 lth year will be 85 percent of the full assessment credit, 70 percent in the 12th year, 55 percent in the 13th year, 40 percent in the 14th year, and 25 percent in the 15th year. The assessment credit shall expire on June 30 of the 15th year. A-3