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10 - DEFINITIONS <br /> <br />10.1 Affected property. Affected property means any real property <br />which actually declines in fair market value because of acquisition <br />by a public entity for public use of other real property and a change <br />in the use of the real property acquired by the public entity. <br /> <br />10.2 ~verage annual net earnings. The net earnings of the business <br />or farm operation before Federal, State, and local income tax, during <br />the 2 taxable years immediately preceeding displacement (or if the <br />business or farm was not operated that long, such other period as may <br />be approved by the state agency), and includes salaries, wages or <br />other compensation paid by the business or farm operation to the <br />owner, his spouse or his dependents. If the state agency determines <br />that such 2 year period is not equitable for establishing earnings, <br />the period used for determining average net earnings shall be a sub- <br />stitute period determined by the state agency. In the case of a <br />corporate owner, earnings shall include any compensation paid to the <br />spouse or dependents of the owner of a majority interest in the cor- <br />poration. For the purpose of determining majority ownership, stock <br />held by a husband, his wife and their dependent children shall be <br />treated as one unit. <br /> <br />10.3 Business. Any lawful activity, except a farm operation conducted <br />primarily: <br /> <br /> a. For the purchase, sale, lease, and rental of personal and <br />real property, and for the manufacture, processing, or marketing of <br />products, commodities or any other personal ~roperty; <br /> <br />b. For the sale of services to the public; <br /> <br />c. By a nonprofit organization; or <br /> <br /> d. Solely for the purpose of Section 7262 for assisting in the <br />Durchase, sale, resale, manufacture, processing or marketing or pro- <br />ducts, commodities, personal property, or services by the erection <br />and maintenance of an outdoor advertising display, whether or not <br />such display is located on the premises on which any of the above <br />activities are conducted. <br /> <br />10.4 Closing (Replacement Housing Payments). Those payments to <br />owner-occupants relating to the closing costs on the purchase of a <br />replacement dwelling including costs of evidence of title, recording <br />fees, etc., but not including prepaid expenses. <br /> <br />10.5 Comparable replacement dwelling. For the purposes of rendering <br />relocation assistance by making referrals for replacement housing and <br />for computation of the replacement housing payment, a comparable <br />replacement dwelling is one which is decent, safe, and sanitary and: <br /> <br />II- 28 <br /> <br /> <br />