5.0. HRSR 04-22-2002 - Laserfiche WebLink

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L • Relocation Assistance property, including substitute personal prop- Entitlement to relocation assistance under the erty. URA depends on whether the potential claimant D. Storage of the personal property for a period is a "displaced person." This critical term is not to exceed 12 months, unless the Agency defined in the URA and implementing regula- determines that a longer period is necessary. tions: 42 U.S.C. § 4601(6); 49 C.F.R. § 24.2. Essentially, a "displaced person" is any person: E. Insurance for the replacement value • who moves from real property or of the personal • moves his personal property from real property property in con- To ensure that • as the direct result of a written notice of intent nection with the persons displaced... to acquire, the initiation of negotiations for, move and neces- are treated fairly, or the acquisition of, real property in whole or sary storage. in part for a public project. consistently, and F. Any license, per- mit, or certifica- equitably... A business that meets the definition of dis- placed person" is entitled to various forms of tion required of relocation assistance, including advisory services the displaced per- and payments based on actual reasonable mov- son at the replacement location. However, • ing costs and related expenses or, under certain the payment may be based on the remaining circumstances, a fixed payment. useful life of the existing license, permit, or certification. Relocation--Actual and Reasonable G. Professional services necessary to plan, move, Moving Expenses and install the relocated personal property at The displaced business is entitled to payment for the replacement location. actual moving and related expenses, as the con- demning authority or agency ("Agency") deter- H. Relettering signs and replacing stationery on hand at the time of displacement that are mines to be reasonable and necessary, including made obsolete as a result of the move. expenses from: I. Actual direct loss of tangible personal proper- A. Transportation of personal property. ry incurred as a result of moving or discon- Transportation costs for a distance beyond 50 timing the business. The payment shall con- miles are not eligible, unless the Agency silt of the lesser of: determines that relocation beyond 50 miles is justified. 1.The fair market value of the item for con- tinued use at the displacement site, less the B. Packing, crating, uncrating, and unpacking g' g' g' p g proceeds from its sale; or of the personal property. 2.The estimated cost of moving the item, • C. Disconnecting, dismantling, removing, but with no allowance for storage. (If the reassembling, and reinstalling relocated business is discontinued, the estimated machinery, equipment, and other personal VOLUME 7, NUMBER 1 SPRING 2002 VALUATION VIEWPOINT 5