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City Council Ordinance No. 592 December 9, 1996 Page 3 a. The actual expenses incurred in moving the displaced resident's manufactured home and personal property, including the reasonable cost of dissembling, moving and reassembling any attached appurtenances, such as porches, decks, skirting, and awnings, which were acquired before or after notice of closure or conversion of the park and utility"hook-up" charges. b. The cost of insurance for the replacement-value of the property being moved. c. The cost of repairs or modifications that are required in order to move the manufactured home. 1011.07 PAYMENT OF ADDITIONAL COMPENSATION Subd. 1. If a displaced resident cannot relocate the manufacture home within a 25 mile radius of the park that is being closed or some other agreed upon distance, the displaced resident is entitled to additional compensation to be paid by the park • owner, in order to mitigate the adverse financial impact of the park closing. If the displaced resident tenders the title to the manufactured home, the additional compensation shall be in an amount equal to the estimated market value of the manufactured home as determined by the County Assessor and as reported on the displaced resident's most recent property tax statement. The park owner shall pay such compensation into an escrow account established by the park owner, for distribution upon transfer of title to the home. Such compensation shall be paid to the displaced residents no later than thirty(30) days prior to the closing of the park or its conversion to another use. Subd. 2. If a displaced resident cannot relocate the manufactured home within a 25 mile radius of the park which is being closed or some other agreed upon distance, and the displaced resident elects not to tender title to the manufactured home, the displaced resident is entitled to relocation costs based upon an average of relocation costs awarded to other displaced residents in the park. Subd. 3. The total compensation to be paid to displaced residents by the park owner shall not exceed twenty(20) percent of the purchase price of the park or twenty(20) percent of the market value of the park as determined by the County Assessor, whichever value is greater. 1011.08 VERIFICATION OF COSTS: The displaced resident must submit a contract or • other verified cost estimates for relocating the manufactured home to the park owner for approval as a condition to the park owner's liability to pay relocation expenses. If the