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E. PROJECTED DATE OF DISPLACEMENT <br /> Construction in the units is expected to begin in early 2025. The Owner anticipates issuing Notices <br /> to Temporarily Vacate to the tenants to temporarily relocate in early December 2024 with tenant <br /> temporary moves on-site to begin in March 2025. Construction is expected to be completed in <br /> March 2027. <br /> For the households who will be required to move permanently, date specific Notices to Vacate are <br /> anticipated to be issued in December 2024, at least 90 days in advance of the date they must <br /> vacate. <br /> F. ESTIMATED RELOCATION COSTS <br /> The total budget estimate for relocation-related payments to tenants and vendors for this Project is <br /> approximately $1,040,000. Once the specific households to be permanently displaced are <br /> identified,this estimate will be updated.The estimated costs will include rental assistance payment <br /> (permanent displacements only) and move assistance payments (all households). <br /> If the Project is implemented, and circumstances arise that should change either the number of <br /> residential occupants, or the nature of their activity,the Owner will authorize any additional funds <br /> that may need to be appropriated. The Owner pledges to appropriate, on a timely basis, the funds <br /> necessary to ensure the successful completion of the Project. <br /> -26 <br /> City Council 27 — 53 7/16/2024 <br />