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55B - RESO BRISTOL ST PROJ PHASE 4
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55B - RESO BRISTOL ST PROJ PHASE 4
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5/3/2016 2:25:56 PM
Creation date
5/3/2016 2:20:49 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Public Works
Item #
55B
Date
5/3/2016
Destruction Year
2021
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property. You will also receive at least 90 days' written notice <br />before you must move. <br />Some Important Definitions... <br />Your relocation benefits can be better understood if you become <br />familiar with the following terms: <br />Business: Any lawful activity, with the exception of a farm <br />operation, conducted primarily for the purchase, sale, lease and <br />rental of personal or real property, or for the manufacture, <br />processing, and /or marketing of products, commodities, or any <br />other personal property, or for the sale of services to the public, or <br />solely for the purpose of this Act, and outdoor advertising display or <br />displays, when the display(s) must be moved as a result of the <br />project. <br />Small Business: A business having not more than 500 employees <br />working at the site being acquired or displaced by a program or <br />project. <br />Contributes Materially: A business or farm operation must have <br />had average annual gross receipts of at least $5,000 or average <br />annual net earnings of at least $1,000 during the two taxable years <br />prior to displacement, or the business contributed at least 33 1/3 <br />percent of the owner(s)' gross income in each of the two taxable <br />years prior to displacement. <br />s <br />5513-68 <br />
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