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utilities from the right of way to the building or improvement are excluded.) <br />d. Storage of the personal property not to exceed 12 months, unless the City determines that <br />a longer period is necessary. Storage expenses must be pre- approved by the City <br />e. Insurance for the replacement value of the personal property in connection with the move <br />and necessary storage <br />f Any license, permit, or certification required of your business at the replacement location. <br />However, the payment shall be based on the remaining useful life of your existing <br />license, permit, or certification <br />g. The replacement value of property lost, stolen, or damaged in the process of moving (not <br />through the fault or negligence of your own, your agent, or your employee) where <br />insurance covering such loss, theft, or damage is not reasonably available <br />h. Professional services necessary for (i) planning the move of the personal property, (ii) <br />moving the personal property, and (iii) installing the relocated personal property at the <br />replacement location <br />Re- lettering signs that are not purchased through the acquisition of your property, and <br />replacing stationary on hand at the time of displacement that is made obsolete as a result <br />of the move <br />j. Actual direct loss of tangible personal property incurred as a result of moving or <br />discontinuing the business. The payment shall consist of the lesser of: <br />(i) The fair market value of the item as is, for continued use at the displacement site, <br />less the proceeds from its sale. (To be eligible for payment, you must make a <br />good faith effort to sell the personal property, unless the City determines that such <br />effort is not necessary. When payment for property loss is claimed for goods held <br />for sale, the fair market value shall be based on the cost of the goods to the <br />business, not the potential selling price.); or <br />(ii) The estimated cost of moving the item as is, but with no allowance for storage. <br />(If the business or operation is discontinued, the estimated cost shall be based on a <br />moving distance of 50 miles.) <br />k. The reasonable cost incurred in attempting to sell an item that is not to be <br />relocated <br />1. Purchase of substitute personal property. If an item of personal property, which is used <br />as part of a business is not moved but is promptly replaced with a substitute item that <br />performs a comparable function at the replacement site, you will be entitled to payment <br />for the lesser of: <br />(i) The cost of the substitute item, including installation costs at the replacement site, <br />minus any proceeds from the sale or trade -in of the replaced item; or <br />47 <br />55D -54 <br />