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judgment of the City, the allowable moving cost payment shall not exceed the lesser of: <br />t) the amount which would be received if the property were sold at the site or z) the <br />replacement cost of a comparable quantity delivered to the new business location. <br />Examples of personal property covered by this provision include, but are not limited to, <br />stockpiled sand, gravel, minerals, metals and other similar items of personal property as <br />determined by the City; <br />17. A Reestablishment allowance of up to $25,000, available to farms, non - profit <br />organizations, and small businesses with no more than Soo employees. MAP-21 amended <br />the maximum statutory benefit for business reestablishment to $40,000. <br />Reestablishment allowance payments are made in addition to compensation provided <br />for actual, reasonable, and necessary moving expenses. Reestablishment allowance <br />expense categories include but are not limited to: <br />a. Repairs or improvements to the replacement property as required by federal, state <br />or local law, code, or ordinance; <br />b. Modifications to the replacement property to accommodate the business operation <br />or make replacement structures suitable for conducting business; <br />c. Construction and installation costs for exterior signing to advertise the business; <br />d. Redecoration or replacement of soiled or worn surfaces at the replacement site, such <br />as paint paneling or carpeting; <br />e. Advertisement of replacement location; <br />f. Estimated increased costs of operation during the first two years at the replacement <br />site for such items as: <br />i. Lease or rental charges <br />ii. Personal or real property taxes <br />iii. Insurance premiums, and <br />iv. Utility charges, excluding impact fees <br />g. Other items essential to the reestablishment of the business. <br />MEW <br />If the displaced business elects to take full responsibility for the move of the business, the City <br />would make a payment for the business's moving expenses in an amount not to exceed the <br />lower of the two acceptable bids or estimates submitted to the City. At the City's discretion, a <br />payment for a low cost or uncomplicated move may be based on a single bid or estimate. <br />3. A Fixed Payment in Lieu of a Payment for Actual Reasonable Moving and <br />Related Expenses <br />The option to claim a fixed payment enables for - profit and non - profit businesses to receive <br />relocation assistance compensation without providing documentation of bids and actual <br />expenses. The payment amount available to any individual business is based on an average of <br />zz <br />55A -34 <br />