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04 - JOINT PH - Loan Agmts 703 N Lacy 702 S Raitt
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01/05/2009
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04 - JOINT PH - Loan Agmts 703 N Lacy 702 S Raitt
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1/3/2012 3:33:49 PM
Creation date
6/23/2011 5:17:42 PM
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City Clerk
Doc Type
Agenda Packet
Item #
04
Date
1/5/2009
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b. Fixed Payment (based on Room Count Schedule) <br />An occupant may elect to receive a fixed payment for moving expenses which is based <br />on the number of rooms occupied in the displacement dwelling. In this case, the person <br />to be relocated takes full responsibility for the move. The fixed payment includes all <br />utility connections as described in (a), above. <br />The current schedule for fixed moving payments is set forth in Table 4 following: <br />TAB~,E 4: Schedule of Fixe[i 14Eoving.Payments (effective asof 8-22-08) <br />Unfurnished Dwelling <br />One room $625 <br />Two rooms $800 <br />Three rooms $1,000 <br />Four rooms ~°$'1',17~ <br />Five rooms $1,425 <br />Six rooms - $1,650 <br />Seven rooms $.1,900 <br />Eight rooms $2;150 <br />each additional room $225 <br />Furnished Dwelling <br />First Room" $400= <br />Each additional room , . $b5 <br />2: Rental Assistance to Tenants Who Choose to Rent <br />To be eligible to receive the"rental assistance benefits, the displaced tenant households <br />must rent or purchase arid occupy decent, safe, and sanitary replacement dwellings within <br />one year from the date they move from their displacement dwellings. <br />Based upon the avdilable data regarding Project displacees, the displaced households may <br />qualify for, ancl'may be eligible to apply for, relocation benefits under URA provisions. <br />Except in the case of Last Resort Housing situations, the potential payment to the <br />household will be payable over a 42-month period and limited to a maximum of $5,250 <br />as stated under URA guidelines. The relocation program is explained in detail in the <br />informational brochure to be provided to each permanently displaced household (see <br />Exhibit D). <br />Rental Assistance payment amounts are equal to 42 times the difference between the base <br />monthly rent and the lesser of: <br />11 <br />4 ~ oq, <br />
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