75B - PH RELOCATION PLAN - Laserfiche WebLink

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1. Is not operated solely for rental purposes. 2. Cannot be relocated without a substantial loss of Its existing patronage, based on a consideration of all pertinent circumstances indud'mg such factor as the type of business conducted, the nature of clientele, the relative importance to the dsplaced business of its present and proposed location, and the availability of a suitable relocation site. 3. Is not pat of a commercial enterprise having no more than three (3) other establishments which are not being acquired for a project and which is engaged in the same or stmilar business activities. 4. Had average annual aro^ receipt, of at least $5,000.00 during the two taxable year. prior to displacement, or the businees had average annual net earrings of a least 1,000.00 during the two taxable year. prior to displacement, or the business contributed at least 331/3 percent of the total cross income of the cwne(s) during each of the two taxable years prior to displacement A dimlaced nonprofit organization: Cannot be relocated without a substantial loss of its existing patronage (the term "existing patronage' as used in connection with a nonprofit organization includes the membership, pe sons, community, or clientele served or affected by the activities of the nonprofit organization), and, 2. Is not apart of an enterprise having more than twee (3) other establishments not being acquired which is engaged in the same or similar activity. A displaced farm operation: 1. Must meet the definition of a farm operation prior to its acquisition. Thea average annual net earnings of a business or farm operation are one-half of it net earnings before Federal, State, or local income taxes during the two (2) taxable years immediately prim to the taxable year in which it was displaced. If not in business for a full two years prior to displacement, the net eaminas shall be based on the actual period of opet ation at the acquired site projected to an annual rate. Average nef earrings may be based on a different period of time when the Displacing Agency determines it to be more equitable. Net earnings include any compensation paid to the owners of the business, a spouse or dependents. The displaced person shall furnish the Displacing Agency proof of net earnings through income tax returns, certified fenandal statements, or other reasonable evidence which the Displacing Agency detenr ines is satisfactory. For a qualified non-profit organization, gross earnings may indu& membership fees, class fees, cash donations, tithes and receipts from sales or other fortes of fund collection that enables the non-profit organization to operate. Administrative expenses are those for adminishative support such as rent, utilities, salaries, advertising and other like items as well as fund racing expenses. Operating expenses for carrying out the purposes of the non-profit organization are not included in administrative expenses. The monetary receipts and expense amount may be verified with certified financial statements or financial documents required by public agencies. YOU your and the documentation o isao-2912 a=,t.,r,a Padec z cNJu, uc D> 121 75B-69