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2. Packing, crating, unpacking, and uncrating of the personal property. <br />3. Disconnecting, dismantling, removing, reassembling, and reinstalling relocated machinery, <br />equipment, and other personal property, and certain substitute personal property. This <br />includes connection to utilities available within the building. It also includes modifications <br />to the personal property, including those mandated by Federal, State or local law, code <br />or ordinance, necessary to adapt it to the replacement structure, the replacement site, or <br />the utilities at the replacement site, and modifications necessary to adapt the utilities at <br />the replacement site to the personal property. <br />4. Storage of the personal property determined to be necessary by the Displacing Agency, <br />not to exceed 12 months, unless the Displacing Agency determines that a longer period <br />is warranted. <br />5. Insurance for the replacement value of the personal property in connection with the move <br />and necessary storage. <br />6. The replacement value of property lost, stolen or damaged in the process of moving (not <br />through fault or negligence of the displaced person, his or her agent or employee), where <br />insurance covering such loss, theft or damage is not reasonably available. <br />7. Any license, permit, fees or certification required of your business at the replacement <br />location. However, the payment may be based on the remaining useful life of the <br />existing license, permit, fees or certification. <br />8. Reasonable and preauthorized professional services, the Displacing Agency determines to <br />be necessary for (i) planning the move of the personal property, (ii) moving the personal <br />property, and (iii) installing the relocated personal property at the replacement location. <br />9. Re -lettering signs and replacing stationary on hand at the time of displacement that is <br />made obsolete as a result of the move. <br />10. Actual direct loss of tangible personal property incurred as a result of moving or <br />discontinuing your business. The payment will consist of the lesser of: <br />(i) The fair market value in place of the item, as is for continued use at the <br />displacement site, less the proceeds from its sale. (To be eligible for payment, <br />you must make a good faith effort to sell the personal property, unless the <br />Displacing Agency determines that such effort is not necessary. When payment <br />for property loss is claimed for goods held for sale, the fair market value will be <br />based on the cost of the goods to the business, not the potential selling price.); or <br />(ii) The estimated cost of moving the item as is, but with no allowance for storage; or <br />for reconnecting a piece of equipment if the equipment is in storage or not being <br />used at the acquired site. (If you elect to discontinue your business, the estimated <br />cost will be based on a moving distance of 50 miles.) <br />11. Purchase of substitute personal property. If an item of personal property which is used <br />as part of your business is not moved but is promptly replaced with a substitute item that <br />performs a comparable function at the replacement site, you will be entitled to payment <br />for the lesser of: <br />55A-24 <br />