(a) A moratorium on commercial property adopted under § 212.1352 expires on the 90th day after the date the moratorium is adopted unless the municipality extends the moratorium by:
(1) holding a public hearing on the proposed extension of the moratorium; and
(2) adopting written findings that:
(A) identify the problem requiring the need for extending the moratorium;
(B) describe the reasonable progress made to alleviate the problem;
(C) specify a definite duration for the renewal period of the moratorium; and
(D) include a summary of evidence demonstrating that the problem will be resolved within the extended duration of the moratorium.
(b) A municipality may not adopt a moratorium on commercial property under § 212.1352 that exceeds an aggregate of 180 days. A municipality may not adopt a moratorium on commercial property under § 212.1352 before the second anniversary of the expiration date of a previous moratorium if the subsequent moratorium addresses the same harm, affects the same type of commercial property, or affects the same geographical area identified by the previous moratorium.