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55A - RESO FOR RELOCATION LEGACY SQUARE PROJECT
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04/21/2020
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55A - RESO FOR RELOCATION LEGACY SQUARE PROJECT
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4/16/2020 2:52:29 PM
Creation date
4/16/2020 2:23:53 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
55A
Date
4/21/2020
Destruction Year
2025
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low bid or estimate obtained by the Displacing Agency. If you self -move, you may move your <br />personal property using your own employees and equipment or a commercial mover. If you and <br />the Displacing Agency cannot agree on an acceptable amount to cover the cost of the self -move, <br />you will have to submit full documentation in support of your claim. <br />You may elect to pay your moving costs yourself and be reimbursed by the Displacing Agency or, <br />if you prefer, you may have the Displacing Agency pay the mover directly. In either case, let the <br />Displacing Agency's relocation agent know before you move. The Displacing Agency agent can <br />help you select a reliable and reputable mover. <br />When a payment for "actual direct loss of personal property" or "substitute personal property" is <br />made for an item, the estimated cost of moving the item may be based on the lowest acceptable <br />bid or estimate obtained by the Displacing Agency. If not sold or traded -in, the item must remain <br />at the old location and ownership of the item must be transferred to the Displacing Agency before <br />you may receive the payment. <br />In addition to the reimbursable expenses described above, a small business, farm or non-profit <br />organization may be eligible to receive a payment of up to $25,000 for expenses actually incurred <br />in relocating and reestablishing its operation at a replacement site. Eligible expenses must be <br />reasonable and necessary, as determined by the Displacing Agency. They may include but are <br />not limited to the following: <br />1. Repairs or improvements to the replacement real property as required by federal, state or <br />local law, code or ordinance. <br />2. Modifications to the replacement property to accommodate the business operation or make <br />replacement structures suitable for conducting the business. <br />3. Construction and Installation costs for exterior signage to advertise the business. <br />4. Redecoration or replacement of soiled or worn surfaces at the replacement site, such as <br />paint, paneling or carpeting. <br />5. Advertising of replacement location. <br />6. Estimated increased costs of operation during the first 2 years at the replacement site, for <br />such items as: <br />a. Lease or rental charges <br />b. Personal or real property taxes <br />c. Insurance premiums, and <br />d. Utility charges (excluding Impact fees) <br />7. Other items that the Displacing Agency considers essential to the reestablishment of the <br />business. <br />The following is a non-exclusive listing of reestablishment expenditures not considered to be <br />reasonable, necessary or otherwise eligible: <br />• Purchase of capital assets, such as, office furniture, filing cabinets, and machinery or <br />trade fixtures. <br />55A-26 <br />
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