55B - AA FOR RESO RELOCATION PLAN FOR WARNER AVE

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1. Payment for Actual Reasonable and Necessary Moving and Related Expenses Any lawful business that qualifies as a displaced person is entitled to payment for such actual moving expenses, as the City determines to be reasonable and necessary, including expensesfor: i. Transportation of personal property from the present location to the replacement location (transportation costs for a distance beyond 50 miles are not eligible unless the City determines that relocation beyond 50 miles is justified); z. Packing, crating, uncrating, and unpacking personal property; 3. Disconnecting, dismantling, removing, reassembling, and installing relocated and substitute machinery, equipment and other personal property. This will include connection to utilities available nearby and modifications necessary to adapt such property to the replacement structure, or to the utilities, or to adapt the utilities to the personal property; 4. Storage of personal property for a period not to exceed 12 months, unless the City determines that a longer period is necessary; 5. Insurance of personal property while in storage or transit and the replacement value of property lost, stolen, or damaged (not through the fault or negligence of the displaced person) in the process of moving, where insurance is not readily available. 6. Any license, permit, or certification required by the displaced business, to the extent that the cost is necessary for reestablishment at the replacement location. (These costs may be pro -rated based on the remaining useful life of any existing license, permit, or certification); 7. Reasonable and pre -authorized professional services the Displacing Agency determines to be necessary for: 1) planning the move of personal property; z) moving the personal property; or, 3) installing the relocated personal property at the replacement location; 8. The purchase and installation of substitute personal property limited to the lesser of: i) an amount equal to the reasonable expenses that would have been required to relocate the property, as determined by the City, subject to certain limitations, or, z) the replacement cost, less any proceeds from its sale or trade in; g. The modification of machinery, equipment, orother personal property necessary to adapt these to the replacement location orto utilities available at the replacement location; io. Re -lettering signs and replacing stationary on hand at the time of displacement that are made obsolete as a result of the move; n. Actual direct losses of tangible personal property resulting from moving or discontinuing a business or non-profit organization, not -to -exceed the lesser of: i) the fair market value of the property for continued use at its location prior to displacement less any proceeds from the sale of the property; or, z) an amount equal to the reasonable expenses that would have been required to relocate the property, as determined by the City, subject to certain limitations; 18 55B-29