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bo <br /> <br />Costs of reestablishing a displaced business involving <br />repairs, property improvements, installations, feasibility <br />surveys, advertising, professional leasing services, <br />increased operational costs, impact fees, etc., will be <br />reimbur.sed, up to a maximum of $10,000. <br /> <br />If the business cannot be relocated without substantial <br />loss of patronage (net annual earnings), a fixed <br />payment may be made "in lieu of' actual moving <br />expense. However, this fixed payment cannot exceed <br />$20,000. If the payment is for "Loss of Goodwill" under <br />California Law, it should be noted that federal funds <br />cannot participate in this payment type. <br /> <br />The Project Area Committee (PAC) will address various <br />alternatives to keep displaced businesses within the immediate <br />project area. Such alternatives may include establishment of a <br />small shopping mall within the Bristol Street project area. <br /> <br />Rationale <br /> <br />The relocation benefits described above are eXpected to cover most, <br />if not all, of the costs of relocating displaced businesses, so that the <br />affected businesses do not suffer financial loss or ruin. In some <br />instances, however, the business owner may choose not to relocate, but <br />to simply go out of business. In other cases, the displaced business <br />may suffer from the inability to reestablish strong neighborhood <br />identification at the new location and could, therefore experience a <br />significant decline in business activity. The Project Area Committee <br />will, however, be advising the City Council and Redevelopment Agency <br />on ways to retain displaced businesses within the Bristol Street <br />corridor, such as the establishment of a small shopping mall for these <br />firms, to avoid such significant effects. <br /> <br />Neighborhood Character and Minority Groups <br /> <br />Significant Effects <br /> <br />The net effects of the proposed street widening with respect to <br />neighborhood character and minority groups would be most evident in <br />terms of physical appearance and a reduced influence of Hispanic and <br />Asian minorities as components of the local business community. <br />These are unavoidable consequences of any street widening alternative, <br />due to the right-of-way acquisition requirements and the fact that <br />Hispanic and Asian minorities are the largest components of the local <br />population. The local citizen-based Project Area Committee (PAC), <br /> <br />'073 <br /> <br /> <br />