75B - PH RELOCATION PLAN - Laserfiche WebLink

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4. Storage of personal property for a period not to exceed iz months, unless the City determines that a longer period is necessary; 5. Insurance of personal property while in storage or transit and the replacement value of property lost, stolen, or damaged (not through the fault or negligence of the displaced person) in the process of moving, where insurance is not readily available. 6. Any license, permit, or certification required by the displaced business, to the extent that the cost is necessary for reestablishment at the replacement location. (These costs may be pro -rated based on the remaining useful life of any existing license, permit, or certification); 7. Reasonable and pre -authorized professional services the Displacing Agency determines to be necessary for: 1) planning the move of personal property; z) moving the personal property; or, 3) installing the relocated personal property at the replacement location; 8. The purchase and installation of substitute personal property limited to the lesser of: 1) an amount equal to the reasonable expenses that would have been required to relocate the property, as determined by the City, subject to certain limitations, or, z) the replacement cost, less any proceeds from its sale or trade in; 9. The modification of machinery, equipment, or other personal property necessary to adapt these to the replacement location or to utilities available at the replacement location; lo. Re -lettering signs and replacing stationary on hand at the time of displacement that are made obsolete as a result of the move; it. Actual direct losses of tangible personal property resulting from moving or discontinuing a business or non-profit organization, not -to -exceed the lesser of: i) the fair market value of the property for continued use at its location prior to displacement less any proceeds from the sale of the property; or, z) an amount equal to the reasonable expenses that would have been required to relocate the property, as determined by the City, subject to certain limitations; tz. Actual and reasonable expenses incurred in searching for a replacement business or non- profit organization location, not to exceed $i,000, 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; 13. Low Value/High Bulk: 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 City, 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 City; zo 75B-30