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Any business operation that is engaged solely in the rental of space <br />to others is not eligible for a fixed payment. This includes the rental <br />of space for residential or business purposes. <br />Eligibility requirements for farms and nonprofit organizations are <br />slightly different than business requirements. If you are being <br />displaced from a farm or you represent a nonprofit organization <br />and are interested in a fixed payment, please consult your <br />relocation counselor for additional information. <br />Note: A nonprofit organization must substantiate that it cannot be <br />relocated without a substantial loss of existing patronage <br />(membership or clientele). The payment is based on the average of <br />two years annual gross revenues less administrative expenses. <br />The Computation of Your In -Lieu Payment: <br />The fixed payment for a displaced business or farm is based upon <br />the average annual net earnings of the operation for the two <br />taxable years immediately preceding the taxable year in which it <br />was displaced. The City can use a different two year period if it is <br />determined that the last two taxable years do not accurately reflect <br />the earnings of the operation. <br />EXAMPLE: The City acquires your property and you move in 2015: <br />2013 Annual Net Earnings $ 10,500 <br />2014 Annual Net Earnings 12,500 <br />TOTAL $ 23,000 <br />Average over two years $ 11,500 <br />17 <br />5513-80 <br />