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55F - RESO - FIRST ST APARTMENTS
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55F - RESO - FIRST ST APARTMENTS
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Last modified
6/2/2016 4:39:17 PM
Creation date
6/2/2016 3:47:29 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
55F
Date
6/7/2016
Destruction Year
2021
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1. How Will I Know I Am Eligible for Relocation Assistance? <br />Ordinarily, eligibility begins on the date the owner of the property receives the Displacing Agency's <br />initial written offer to purchase the property. Therefore, you should not move before that date or <br />receiving a notice of eligibility. If you do, you may not be eligible for relocation assistance. <br />2. How Will the Displacing Agency Know How Much Help I Need? <br />You will be contacted at an early date and personally interviewed by an agent of the Displacing <br />Agency. The interviewer will want to get information about your current operation, as well as identify <br />movable personal property and non - movable improvements, determine your needs and preferences <br />for a replacement location, estimate the time required to vacate the premises and your need for <br />advance payments. During the interview, you may want to discuss other issues relative to your <br />move. It is to your advantage to provide as much information as possible so that the Displacing <br />Agency, through its relocation agent, can assist you in moving with a minimum of hardship. The <br />information you give will be kept in confidence. <br />3. How Soon Will I Have to Move? <br />Every reasonable effort will be made to provide you with sufficient time to find a suitable <br />replacement location and reestablish your business. If possible, a mutually agreeable date for the <br />move will be worked out. Unless there is an urgent need for the property (e.g., your occupancy <br />would present a health or safety emergency), you will not be required to move without at least 90 <br />days advance written notice. It is important, however, that you keep in close contact with the <br />Displacing Agency so that you are aware of the time schedule for carrying out the project and the <br />approximate date by which you will have to move. <br />4. I Own the Property. Will I Be Paid for It Before I Have to Move? <br />If you reach a voluntary agreement to sell your property to the Displacing Agency, you will not be <br />required to move before you receive the agreed purchase price. If the property is acquired through <br />an eminent domain proceeding, you cannot be required to move before the estimated fair market <br />value of the property has been deposited with the court. (You should be able to withdraw this <br />amount immediately, less any amounts necessary to pay off any mortgage or other liens on the <br />property and to resolve any special ownership problems. Withdrawal of your share of the money will <br />not affect your right to seek additional compensation for your property). <br />S. Will I Have to Pay Rent to the Displacing Agency Before I Move? <br />You may be required to pay a fair rent to the Displacing Agency for the period between the <br />acquisition of your property and the date that you move. Your rent and the terms of your tenancy <br />will be generally the same as in the prior arrangement. <br />6. How Will I Find a Replacement Location? <br />Your relocation agent will provide you with current and continuing information on available <br />replacement locations that meet your needs. You will also be provided with the names of local real <br />estate agents and brokers who can assist you in finding the type of replacement location you require. <br />55F -38 <br />
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