“Basement” means that portion of a building between floor and ceiling, which is partly below and partly above the finished grade, but so located that the vertical distance from the finished grade to the floor below is less than the vertical distance from the finished grade to the ceiling. If a basement has a ceiling height of seven feet or more, it shall be considered a story unless it is used exclusively for parking, storage, and/or housing of mechanical or central heating equipment. (See Table 16T-01. See also LMC 16.06.220, Cellar.) (Ord. 1380 §1, 2012; Ord. 283 §2.09(C) (part), 1973).