5

Table 5.3-9 Relocation Benefits

Recipient	Relocation Benefits
Owner Occupants of 180 days or more (prior to negotiations)	Purchase of displacement dwelling at fair market value Assistance in identifying a comparable replacement dwelling Purchases and occupies dwelling within 1 year Reimbursement of actual moving costs or a fixed moving allowance Potential purchase supplement of up to $22,500 to cover: - Difference between cost of replacement dwelling and acquisition cost of displacement dwelling - Increased interest costs - Reasonable incidental expenses such as title search, recording fees and other closing costs - OR - - Rental assistance payment of up to $5,250
Owner Occupants of 90 to 179 days and Tenants of 90 days or more	Assistance in identifying a comparable replacement dwelling Purchase or rent replacement dwelling within 1 year Reimbursement of actual moving costs or a fixed moving allowance Potential rental assistance payment - difference between average monthly cost for rent and utilities at displacement dwelling and monthly rent and utilities at comparable replacement dwelling; not to exceed $5,250 - OR - Down payment allowance of up to $5,250
Businesses, Farms and Nonprofit Organizations	Reimbursement of: - Actual moving costs - Personal property losses - Searching expenses to locate a new property, up to $1,000 - Re-establishment expenses up to $10,000 (for businesses with 500 or more employees) - OR - Fixed allowance of $1,000-$20,000 in lieu of the above. This payment is calculated based on the average annual net earnings of the operation for the two previous tax years.