74-003 - Laserfiche WebLink

Home Browse Search

10.9 Date of Initiation of Negotiations for Parcel. This phrase means the day on which the public agency makes the first personal contact with the property owner or his representative and furnishes him with a written offer to purchase the real property. 10.10 Date of Initiation of Negotiations for the Project. This phrase means the date the public agency makes~the first personal contact with the owner of any property on the project or his representative where price is discussed except where such contact is made solely for pro- tective buying or because of hardship. 10.11 Date of Intent to Acquire. "Intent to acquire" means the public acknowledgment by the public entity of their intention and/or plan to obtain specified parcels for a specific purpose (project). "Date of Intent to Acquire" means the date on which the public agency sends through certified mail to or makes personal contact with the owner of each parcel or advertises in a local paper of general circu- lation that a specific project is intended to be developed and specified parcels therein are intended to be acquired. Upon the date of intent to acquire, parcels may be acquired through hardship. 10.12 Displaced Person. "Displaced person" means any person who moves from real property or who moves his personal property from real pro- perty, as a result of the acquisition of such real property, in whole or in part, or as the result of a written order from a public entity to vacate the real property, for public use. 10.13 Dwelling. A single-family building, a single-family unit (including a nonhousekeeping unit) in a two-family or multifamily building, a unit of a condominium or cooperative housing project, mobilehome, or other residential unit. a 10.14 Economic Rent. The amount of gross rent the displaced tenant would have had to pay for a similar unit in an area not generally less desirable than the dwelling unit to be acquired. (Gross rent is contract rent, plus cost of utilities to tenant, over and above contract rent.) 10.15 Effective Rate of Interest. "Effective rate of interest" means the annual percentage rate paid on the debt of a mortgage as a result of including debt service charges in the total interest to be paid on the mortgage debt, as an incident to the extension of credit, when such debt service charges are normal to the market. 10.16 Eligible Person. "Eligible person" means any displaced person who is, or becomes, lawfully entitled to any relocation payment under these regulations. 10~17~ Family. The term "family" means two or more individuals, one of whom is the head of a household, plus all other individuals regard- less of blood or legal ties who live with and are considered a part II-30