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What is a Payment for Reestablishment Expenses? <br />If you choose to receive a payment for your actual moving and related expenses, you may also be eligible <br />to receive a payment for Reestablishment Expenses, not to exceed $10,000. Such expenses include <br />the reasonable and necessary cost of: <br />Repairs or improvements to the replacement real property as required by Federal, State or local <br />low, code or ordinance. <br />Modifications to the replacement property to accommodate the business operation or make a <br />replacement structure suitable for conducting your business. <br />Construction and installation costs for exterior signs to advertise your business <br />Redecoration or replacement of soiled or worn surfaces at the replacement site, such as paint, <br />paneling, or carpeting. <br />Advertisement of the replacement location <br />Impact fees or one-time assessments for anticipated heavy utility usage <br />Providing utilities from the right-of-way to improvements at the replacement site. <br />Estimated increased costs of operation during the first 2 years at the replacement site for such <br />items as lease or rental charges, personal or real property taxes, insurance premiums, and utility <br />charges (excluding impact fees). <br />What is a Fixed Payment? <br />Certain businesses and nonprofit organizations are eligible to obtain a Fixed Payment instead of a <br />payment for actual reasonable moving and related expenses or a payment for reestablishment expenses. <br />The Fixed Payment to a business is based on the average annual net earnings of the business operation; <br />the Fixed Payment to a nonprofit organization is based on average annual expenses and revenue. A <br />Fixed Payment will not be less than $1,000 or more than $20,000. <br />To qualify for a Fixed Payment a displaced business or nonprofit organization must: <br />(1) Own or rent personal property which must be moved from the displacement site <br />(2) Be unable to relocate without a substantial loss of existing patronage (measured in terms of <br />clientele or net earnings) <br />(3) Not be a part of a commercial enterprise having more than three other entitles under the same <br />ownership, engaged in the same or similar business activities that are not being acquired by the <br />City. (Also, certain rental businesses are excluded.) <br />51 <br />55B-62 <br />