55B - AA FOR RESO RELOCATION PLAN FOR WARNER AVE

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(1) The estimated cost of moving and reinstalling the personal property, Or (2) The market value of the property for its continued use at the old location, less any proceeds from its sale. Purchase and installation of "substitute" personal property. This payment is made with an item of personal property is not moved but is promptly replaced with a substitute item that performs a comparable function at the replacement site. Payment is limited to the lesser of: (1) The estimated cost of moving and reinstalling the item; or (2) The actual cost of the substitute item delivered and installed at the replacement location, less any proceeds from the sale or trade-in of the replaced item When a payment for "actual direct loss of personal property' or "substitute personal property' is made for an item, the estimated cost of moving the item will be based on the lowest acceptable bid or estimate obtained by Paragon. If not sold or traded in, you must transfer ownership of the item to the City in order to receive the payment. It is important that you discuss your plans with Paragon before you proceed. Searching for a replacement location. This payment may not exceed $1,000 and covers costs for your transportation expenses, time spent searching for a replacement location, reasonable fees paid to a real estate agent or broker to find a replacement location (not fees related to the purchase of the site), and meals and lodging away from home, if required. Paragon will explain all eligible moving and related costs, as well as those that are not eligible. You must be able to account for all costs that you incur, so keep all your receipts. Paragon will inform you of the documentation needed to support your claim. You may minimize the amount of documentation needed to support your claim, if you elect to "self -move' your personal property. Payment for a self -move is based on the amount of an acceptable low bid or estimate obtained by Paragon. If you self -move, you may move your personal property using your own employees and equipment or a commercial mover. You may elect to pay your moving costs yourself and be repaid by the City or, if you prefer, you may have the City pay the mover directly. In either case, select your mover with care. Paragon can help you select a reliable and reputable mover. Keep Paragon informed about your moving plans. You must provide Paragon with reasonable advance written notice of the date of the start of your move or disposition of your personal property. In addition, you must permit Paragon to make reasonable and timely inspections of the personal property at the old and new locations and to monitor the move. 50 55B-61