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agreed purchase price. If the property is acquired through an <br />eminent domain proceeding, you cannot be required to move <br />before the estimated fair market value of the property has been <br />deposited with the court. (You should be able to withdraw this <br />amount immediately, less any amounts necessary to pay off any <br />mortgage or other liens on the property and to resolve any special <br />ownership problems. Withdrawal of your share of the money will <br />not affect your right to seek additional compensation for your <br />property.) <br />Do I Have To Pay Federal Income Taxes On My Relocation <br />Payments? <br />No. Section 216 of the URA states that you need not report <br />relocation payments as part of your gross income for Federal tax <br />purposes. For information on State or local income taxes, you <br />should check with the State or local income tax office in your area <br />or with your personal tax advisor. <br />I Have More Questions. Who Will Answer Them? <br />If you have further questions after reading this booklet, contact the <br />City's representative and discuss your concerns with the City's <br />representative. <br />Received By: Date: <br />(signature) <br />26 <br />55B -89 <br />