55D - RESO - RELOCATION PLAN BRISTOL ST IMPROVEMENTS

Home Browse Search

EXHIBIT G: Notice of Eligbility -180 Day Homeowner Date Name Address Santa Ana, CA 92706 Dear Owner: On (Date), the City of Santa Ana ( "City ") made an offer to purchase the property which you own and occupy. As the eligible owner - occupant of the property, you are entitled to certain benefits under the California Code of Regulations, Title 25, Division 1, Chapter 6 and the California Government Code, Title 1, Chapter 16, Section 7260 et. seq. These benefits are briefly outlined below and are discussed in further detail in the brochure accompanying this Notice. As the owner- occupant of the property on the date of the first offer, you are entitled to: 1. RELOCATION ADVISORY ASSISTANCE provided by Paragon Partners, a firm hired by the City to provide relocation assistance to you. 2. MOVING EXPENSES. You may select either one of the following payments: A. A Fixed Moving Payment based upon a moving schedule and the number of rooms you occupy. Your entitlement under this option is $0.00. B. A payment for your Actual Reasonable Moving and Related Expenses based on at least two written estimates and receipted bills. 3. REPLACEMENT HOUSING PAYMENT. If you owned and occupied the property for 180 or more consecutive days immediately preceding the City's first offer, you may be eligible for financial assistance to purchase or rent comparable replacement housing. To receive such payments, you must purchase or rent and occupy the replacement dwelling within one (1) year from the later of either the date the first replacement dwelling referral was made available to you, or the date the City paid the acquisition cost of your current dwelling (usually the close of escrow on the City's acquisition). Failure to act within the one (1) year period could result in loss of all replacement housing benefits. All claims for relocation benefits must be filed with the City within eighteen (18) months from the date on which you receive final payment for your property, or the date, on which you move, whichever is later. This assistance is composed of the following replacement housing benefits: A. If you BUY replacement housing, you may file a claim for: A PURCHASE PRICE DIFFERENTIAL. This is to cover the increased cost you may have to pay when you buy a new home. It is the difference between the cost of a comparable replacement dwelling (as determined by the City) or, if less, the cost of the replacement dwelling you purchase, and the price paid by the City for your present home. The list price for the comparable dwelling may be adjusted to reflect the typical list price discount for real estate transaction in your area. This payment is calculated as follows: 40 55D -47