5.0. HRSR 04-22-2002 - Laserfiche WebLink

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iiiid AIL • G. Feasibility surveys, soil testing and marketing A displaced business is eligible for the fixed studies. payment only if the displacing agency deter- H.Advertisement of replacement location. mines that: I. Professional services in connection with the (1) The business C C purchase or lease of a replacement site. owns or rents per- sonal property J. Estimated increased costs of operation during which must be Fixtures and the first two years at the replacement site for moved in connec- equipment may such items as: tion with such be movable or 1. Lease or rental charges, displacement and immovable. 2. Personal or real property taxes, for which an expense would be )) 3. Insurance premiums, incurred in such 4. Utility charges, excluding impact fees. move; and, the business vacates or relocates K. Impact fees for one-time assessments for from its displacement site. anticipated heavy utility usage. (2) The business cannot be relocated without substantial loss of its existing patronage Relocation—Fixed Payment (clientele or net earnings). A business is • The fixed payment option provided under the assumed to meet this test unless the Agency URA and discussed in determines that it will not suffer a substan- the governing regula- tial loss of its existing patronage; and `c tion is not an addi- (3) The business is not part of a commercial tional payment avail- enterprise having more than three other ...the real estate able to displaced busi- entities which are not being acquired by the appraiser will review nesses. It is a payment Agency, and which are under the same own- with the owner and in lieu of the pay- ership and engaged in the same or similar ments for actual mov- business activities. tenant which property in and related ing an re (4) The business is not operated as a displace- components belong expenses, and actual ment dwelling solely for the purpose of rent- to whom and how reasonable reestablish- ing such dwelling to others. compensation ment expenses": 49 ompensation will C.F.R. § 24.306(a).C.F.R. The business is not operated at a displace- j be determined. ment site solely for the purpose of renting The minimum amount of payment available the site to others. under this option is (6) The business contributed materially to the the maximum amount is 20 000. income of the displaced person during the 2 $1,000; $ P P g • taxable years prior to displacement. I 49 C.F.R. § 24.3O6(a). VOLUME 7, NUMBER 1 SPRING 2002 VALUATION VIEWPOINT 7