The director, following filing of a claim under this chapter that is deemed complete, and following consideration of the information included in the claim and any other evidence, shall determine whether a waiver of enforcement of the regulation may be necessary to avoid the owner or owners being entitled to compensation under Measure 49, and, if so, the extent of the waiver needed and the amount of compensation to which the owner or owners would be entitled without a waiver. If the director determines that a waiver of enforcement of the regulation is or may be needed to avoid the owner being entitled to compensation, the director, under the advice of the finance director and city attorney, shall compare the public benefits from application of the regulation to the owner’s private real property to the public burden of paying the required compensation if a waiver of enforcement of the regulation is not granted, taking into consideration the financial resources of the City for the payment of such claims. Based on this comparison, the director shall prepare a written report stating the result of the director’s comparison. If the director has determined that a waiver of enforcement of the regulation may be needed, the report also shall make a recommendation either to grant a waiver that will avoid the owner being entitled to compensation; grant a license waiving enforcement of the regulation that will either avoid compensation or not avoid compensation but will reduce the compensation to which the owner is entitled and pay the amount of reduced compensation to which the director believes the owner is entitled; deny a waiver of enforcement of the regulation and pay the amount of compensation to which the director believes the owner is entitled; or take some other appropriate action, such as acquiring the entire private real property or any portion thereof by condemnation. [BC 2.07.025, added by Ordinance No. 4472, 2/25/08]