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I <br />Price for Comparable Dwelling <br />2 <br />Offer Price for Displacement Dwelling <br />3 <br />Purchase Price Differential <br />Listed below are three comparable replacement homes that you may wish to consider buying: <br />Address List Price Contact Name & Number <br />1 <br />2 <br />3 <br />Comparable #1 above is the one selected as the most representative of your present dwelling. Based on <br />the cost of this dwelling and the City's offer for your present home, you may be eligible for a Purchase <br />Price Differential payment up to the amount as calculated in the table above. If you decide to purchase a <br />replacement dwelling that costs less than the comparable dwelling, your Purchase Price Differential <br />would be calculated based on the actual purchase price of your replacement dwelling. If you purchase a <br />replacement dwelling that costs more than the comparable dwelling, your Purchase Price Differential <br />shall not exceed $00. <br />You do not have to accept any dwelling referred to you by the City. You may choose your own <br />replacement, but it must be decent, safe and sanitary in order to qualify for replacement housing <br />payments. <br />• AN INTEREST DIFFERENTIAL. To help pay your increased interest cost, if any <br />AN INCIDENTAL COST. Payment to cover some of the closing costs you may <br />incur in purchasing a replacement dwelling <br />Your relocation advisor will explain how these payments are computed. <br />B. IF YOU RENT REPLACEMENT HOUSING WITHIN A ONE YEAR PERIOD <br />• A RENTAL ASSISTANCE PAYMENT <br />If you are an owner- occupant and choose to rent rather than purchase a replacement <br />dwelling, you may be eligible for a rental assistance payment. The payment will be <br />based on the difference between the fair market rent of the dwelling you occupy and the <br />rent you must pay for a comparable replacement dwelling. <br />Before a relocation payment may be issued to you, your replacement dwelling must be inspected to assure <br />that it meets decent, safe and sanitary standards. For this reason, DO NOT MOVE from your home and <br />DO NOT CONTRACT to rent or purchase a replacement dwelling without first contacting your <br />relocation advisor. <br />If you remain in occupancy of your present dwelling after the City has completed the purchase, you must <br />pay fair market rent to the City for the period of your tenancy. Failure to pay rent may reduce the <br />replacement housing payment which you are eligible to receive. <br />The Relocation Assistance Program is complex. It is important that you read and understand the matters <br />explained in the informational brochure, which relate to your eligibility. If you need assistance, please <br />contact me at: <br />5l <br />55D -48 <br />