10-01-91 CCM - Laserfiche WebLink

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B. If a double section Manufactured Home can be relocated to another Manufactured Home Park within a twenty-five (25) mile radius, the Park Owner shall pay eligible Park Residents Relocation Costs as defined herein, or, an amount equal to $5,000, whichever is less. C. The Park Owner shall make relocation payments directly to contractors providing the relocation service, but, upon proof of payment of such Relocation Costs by an eligible Park Resident, shall reimburse the eligible Park Resident directly for such Relocation Costs. The Park Owner shall be entitled to receive adequate documentation of Relocation Costs, including costs of proposals, invoices, estimates and contracts for relocation services. D. The maximum relocation payment specified in Sections 1700.070(A) and 1700.070(B) above shall be adjusted on January 1st of each year commencing on January 1, 1992 based upon the change in the Consumer Price Index, Minneapolis -St. Paul, for all urban consumers ("CPI-U") as published in the Bureau of Labor Statistics of the United States Department of Labor. The amount of the adjustment shall be equal to the percentage of change in the CPI-U on the date of adjustment over the CPI-U in effect on January 1st of the preceding year. 1700.080. Election to Receive Compensation. I£ a Manufactured i Home cannot be relocated to another Manufactured Home Park within a twenty-five (25) mile radius, an eligible Park Resident shall elect one of the following options by giving written notice to the Park Owner who shall forward such notice to the Park Purchaser; and the Compensation payment provided for herein shall be paid within thirty (30) days prior to the date of the closing on the sale of the Manufactured Home Park. A. The eligible Park Resident may elect to receive compensa- tion in an amount equal to the average Relocation Cost provided to eligible Park Residents for the relocation of similar housing, in which event, the Park Purchaser shall pay such compensation and the eligible Park Resident shall retain title to the Manufactured Home and be responsible for its prompt removal from the Manufactured Home Park; or B. The eligible Park Resident may elect to receive compensa- tion in an amount equal to the estimated market value for the Manufactured Home as stated on the Current Year Personal Property Tax Statement for the Manufactured Home, in which event, the Park Purchaser shall pay such compensation to the eligible Park Resident and the eligible Park Resident shall transfer title to the Manufactured Home to the Park Purchaser free and clear of all liens and encumbrances. 6E