5.0. HRSR 04-22-2002 - Laserfiche WebLink

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Relocation—Excluded assistance, the URA and governing • Expenses regulations set forth the federal Ineligible moving and related government's general policies with expenses are numerous. They respect to real property acquisition. include, but are not limited to, the Reestablishment Generally, these policies apply only following: expenses must be to acquisition of real property for A. The cost of moving any struc- federal projects and federally-fund- reasonable and ed projects. Federal acquisition ture or other real property improvement in which the dis- necessary, as policies require that before the ini- placed person reserved owner- determined by nation of negotiations, the real ship. However, this part does property to be acquired shall be P P the Agency. appraised and the owner, or the not preclude the computation under Sec. 24.401(c)(4)(iii). owner's designated representative, shall be given an opportunity to B. Interest on a loan to cover moving expenses. accompany the appraiser during the appraiser's C. Loss of goodwill, profits, or trained employees. inspection of the property. D.Any additional operating expenses of a busi- The criteria to be used for preparing ness incurred because of operating a new appraisals is explained in the governing regula- location except as provided in Sec. tions: 49 CFR§ 24.103.The format and level of 24.304(a)(10). documentation for an appraisal depend on the complexity of the appraisal problem. The regu- E. Personal injury. lations provide that the condemning authority F. Any legal fee or other cost for preparing a or agency ("Agency") is required to develop min- claim for a relocation payment or for repre- imum standards for appraisals consistent with senting the claimant before the Agency. established and commonly accepted appraisal practice for those acquisitions G. Physical changes to the real which, by virtue of their low value property at a replacement loca- or simplicity, do not require the in- tion of a business except as pro- vided in Secs. 24.303(a)(3) and It is a payment "in depth analysis and presentation the payments necessary in a detailed appraisal. A lieu o f p y 24.304(a). detailed appraisal shall be prepared H. Costs for storage of personal for actual moving and for all other acquisitions.A detailed property on real property related expenses, and appraisal shall reflect nationally already owned or leased by the actual reasonable recognized appraisal standards, displaced person. including, to the extent appropri- reestablishment ate, the Uniform Appraisal • Real Property Acquisition expenses" Standards for Federal Land In addition to establishing the gov- Acquisition. An appraisal must erning framework for relocation continued on page 13 8 VALUATION VIEWPOINT VOLUME 7, NUMBER 1 SPRING 2002