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Therefore, if the Project proceeds, the City will authorize sufficient funds to provide housing of <br />last resort. Due to the demonstrated number of available replacement housing resources, as <br />shown earlier, the need to develop a replacement housing plan to produce sufficient number of <br />comparable replacement dwellings will not be necessary. Rather, funds will be used to make <br />payments in excess of the monetary limits specified in the statute ($5,25o); hence, satisfying the <br />requirement that "comparable replacement housing" is available. <br />The City will pay Last Resort Housing payments in two installments. Recipients of Last Resort <br />rental assistance, who intend to purchase rather than re -rent replacement housing, will have the <br />right to request a lump sum payment of all benefits in the form of down payment assistance. <br />Tenant households receiving periodic payments will have the option to request a lump sum <br />payment of remaining benefits to assist with the purchase of a decent, safe and sanitary dwelling. <br />E. Determinations of Comparable Housing <br />Relocation staff would evaluate the cost of comparable replacement housing in the preparation <br />of each individual NOE issued to residential displacees. For residential tenants and owner - <br />occupants, the cost of comparable replacement housing would be determined primarily on a <br />comparative basis of three, if possible, presently available, comparable dwellings. A Replacement <br />Housing Valuation (RHV) Form would be prepared and placed in the file of each affected <br />household. <br />F. Relocation Benefits - Commercial Tenants, and Non-profit <br />Organizations <br />Eligible businesses would have two options with respect to claims for relocation assistance <br />benefits: <br />t. Compensation for actual reasonable and necessary moving and related expenses, or <br />z. Afixed payment not to exceed $20,000 <br />i. Payment for Actual Reasonable and Necessary Moving and Related Expenses <br />Any lawful business that qualifies as a displaced person is entitled to payment for such actual <br />moving expenses, as the City determines to be reasonable and necessary, including expenses for: <br />1. Transportation of personal property from the present location to the replacement <br />location (transportation costs for a distance beyond 50 miles are not eligible unless the <br />City determines that relocation beyond 50 miles is justified); <br />z. Packing, crating, uncrating, and unpacking personal property; <br />3. Disconnecting, dismantling, removing, reassembling, and installing relocated and <br />substitute machinery, equipment and other personal property. This will include <br />connection to utilities available nearby and modifications necessary to adapt such <br />property to the replacement structure, or to the utilities, or to adapt the utilities to the <br />personal property; <br />tg <br />75B-29 <br />