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80B - LOAN AGMTS 703 N LACY 702 S RAITT
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80B - LOAN AGMTS 703 N LACY 702 S RAITT
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1/3/2012 4:25:13 PM
Creation date
12/30/2008 5:17:49 PM
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City Clerk
Doc Type
Agenda Packet
Item #
80B
Date
1/5/2009
Destruction Year
2014
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• For a tenant, the date you move from the displacement dwelling. <br />• For an owner-occupant, the latter of: <br />a. The date you receive final payment for the displacement dwelling, or, in the case <br />of condemnation, the date the full amount of estimated just compensation is <br />deposited in court; or <br />b. The date the Displacing Agency fulfills its obligation to make available <br />comparable replacement dwellings. <br />All claims for relocation benefits must be filed with the Displacing Agency within eighteen (18) <br />months from the date on which you receive final payment for your property, or the date, on <br />which you move, whichever is later. <br />7. RENTAL AGREEMENT <br />As a result of the Displacing Agency's action to purchase the property where you live, you may <br />become a tenant of the Displacing Agency. If this occurs, you will be asked to sign a rental <br />agreement which will specify the monthly rent to be paid, when rent payments are due, where <br />they are to be paid and other pertinent information. <br />8. EVICTIONS <br />Eviction for cause must conform to applicable State and local law. Any person who occupies the <br />real property and is not in unlawful occupancy on the date of initiation of negotiations, is <br />presumed to be entitled to relocation benefits, unless the Displacing Agency determines that: <br />• The person received an eviction notice prior to the initiation of negotiations and, as a <br />result, was later evicted; or <br />• The person is evicted after the initiation of negotiations for serious or repeated violation <br />of material terms of the lease; and <br />• The eviction was not undertaken for the purpose of evading relocation assistance <br />regulations. <br />Except for the causes of eviction set forth above, no person lawfully occupying property to be <br />purchased by the Displacing Agency will be required to move without having been provided with <br />at least 90 days written notice from the Displacing Agency. <br />9. APPEAL PROCEDURES -GRIEVANCE <br />Any person aggrieved by a determination as to eligibility for a relocation payment, or the amount <br />of a payment, may have the claim reviewed or reconsidered in accordance with the Displacing <br />Agency's appeals procedure. Complete details on appeal procedures are available upon request <br />from the Displacing Agency. <br />10. TAX STATUS OF RELOCATION BENEFITS <br />California Government Code Section 7269 indicates no relocation payment received shall be <br />considered as income for the purposes of the Personal Income Tax Law, Part 10 (commencing <br />with Section 170 O1) of Division 2 of the Revenue and Taxation Code, or the Bank and <br />80B-84 <br />
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