55A - RESO - SA ARTS COLLECTIVE PROJ

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Relocation Plan for Santa Ana Arts Collective — 1666 North Main, Santa Ana, California ➢ Relettering signs and replacing stationary on hand at the time of displacement that are made obsolete as a result of the move. ➢ Actual direct losses of tangible personal property resulting from moving or discontinuing a business or non -profit organization, not -to- exceed the lesser of: (1) the fair market value of the property for continued use at its location prior to displacement less any proceeds from sale of the property; or, (2) an amount equal to the reasonable expenses that would have been required to relocate the property, as determined by the Developer, subject to certain limitations. ➢ Actual and reasonable expenses incurred in searching for a replacement business or non - profit organization location, not -to- exceed $2,500, and including compensation for transportation expenses; time spent searching for a reasonable location, meals, and lodging; real estate broker or agent fees; time spent in obtaining permits and attending zoning hearings; and time spent negotiating the purchase of a replacement site. ➢ Impact fees or one -time assessments for anticipated heavy utility usage. ➢ Low Value /High Bull: when the personal property to be moved is of low value and high bulk, and the cost of moving the property would be disproportionate to its value in the judgment of the Developer, the allowable moving cost payment shall not exceed the lesser of: (1) the amount which would be received if the property were sold at the site or (2) the replacement cost of a comparable quantity delivered to the new business location. Examples of personal property covered by this provision include, but are not limited to, stockpiled sand, gravel, minerals, metals and other similar items of personal property as determined by the Developer. ➢ A Reestablishment allowance of up to $25,000, available to farms, nonprofit organizations and small businesses with no more than 500 employees. Reestablishment allowance payments are made in addition to compensation provided for actual, reasonable and necessary moving expenses. Reestablishment allowance expense categories include but are not limited to: • Repairs or improvements to the replacement property as required by Federal, State or local law, code or ordinance; • Modifications to the replacement property to accommodate the business operation or make replacement structures suitable for conducting business; • Construction and installation costs for exterior signing to advertise the business; ■ Redecoration or replacement of soiled or worn surfaces at the replacement site, such as paint paneling or carpeting; ■ Advertisement of replacement location; • Estimated increased costs of operation during the first two years at the replacement site for such items as: a) Lease or rental charges, b) Personal 55A -20