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<br /> I <br /> C:®re ecornrnenation ® usiness Transition Plan WBAC FINAL REPORT <br /> 1. Comply with the state-and federal law 2. Use a professional, third-party relocation <br /> ' regarding business relocation specialist <br /> Qualification/Elaboration <br /> Qualifications/Elaborations <br /> • The Uniform RelocationAct (URA) sets standards and procedures for The consultantshould have experience with URA procedures and <br /> qualifying for and estimating compensation to businessin the business costs evaluation <br /> .development area that must relocate: accept those standards and a <br /> procedures as a starting point The consultantshould operate independently from staff or council <br /> = The Federal Government has determined a standard for City-initiated development The consultant should adhere to the standards of the URA and leave <br /> - work. The purpose of the standard set forth by the Uniform Relocation Act is to any "special adjustments"to the discretion of the CityCouncil <br /> fairly compensate businesses and non-profits for their foreseeable and necessary <br /> losses during the transition. period. Go beyond the URA by changing the capon business re-establishment <br /> ' expenses. from $10,000 to $20,000, for eligible tenants located in the project <br /> - Under the URA, tenants are given an option to either accept moving and re- footprintwhoarenotbuildingowners. (This essentiallyadjuststheURAlimit <br /> establishment expenses or to opt for"payment in lieu':The amount paid by the City to reflect purchasing power in 2007dollars) <br /> _i for moving expenses covers all documented cost associated with actual moving <br /> and related expenses, replacement of personal property, replacement search costs, The Uniform Relocation Act asserts that a relocation advisor/consultant is to be <br /> and other reasonable and necessary expenses.The reimbursement value for actual provided by the City for businesses in the redevelopment area. The committee <br /> moving costs has no dollar cap. Re-establishment expenses are capped at $10,000, wants to ensure that any services provided be unbiased and fair in valuing and <br /> and include such costs as repairs and improvementsto the new site, some signage relocating businesses. WesfBroadwaytenantsandworkshop participants expressed <br /> # and advertising; permits (if not covered above), and increased cost of operations a desire for the kind of assistance a specialist could provide. <br /> for up to 2 years. _ <br /> Should businesseschoose oacceptpaymentinlieu,theyareentitledtotheirannual f - <br /> ~ net earnings averaged over the last two years. Payment in lieu can be anywhere ~ ~ i ~ <br /> between $1,000 and $20,000. <br /> For non-profits, the cap is the same, $20,000. Their compensation amount is <br /> determined by annual gross revenues less administrative expenses. <br /> sr ~ <br /> In a survey of existing tenants and property owners in the redevelopment area, the <br /> t. respondents indicated they wanted to be treated fairly. One response summarized <br /> tenants' attitudes: "Provide us with an alternative space. Facilitate our move. Local business in the downtown <br /> Compensate us° <br /> _ °ecomrnen~lations ~ 53 <br /> <br />