No. 2023 amending and re-adopting the dept. of redevelopment relocation policy and policy of management of acquired property to include the SSDA and the NNDA

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displaced person at the replacement location, to the extent such cost is (i) necessary to its re- establishment at the replacement location and (ii) does not exceed either the costs for one year or for the remaining useful life of the existing license, permit, or certification, whichever is less; (7) Professional services, including architect's, attorney's and engineer's fees, and consultant's charges, necessary for (i) planning the move of the personal property, or (ii) moving the personal property, or (iii) installing the relocated personal property at the replacement location; (8) Relettering signs and printing replacement stationery that are on hand at the time of the move and that are made obsolete as a result of the move; (9) Actual direct loss of tangible personal property as described at 49CFR 24.303; (10) Purchase of substitute personal property as described at 49CFR 24.303; (11) Searching for a replacement location as described at 49CFR 24.303; (12) The replacement value of property lost, stolen or damaged in the process of moving (not as a result of negligence) IL where insurance coverage is not readily available. (13) The reasonable cost of attempting to sell an item that is not to be relocated. (14) Other moving- related expenses that are not listed as ineligible under 49CFR 24.303, as the Department of Redevelopment determines to be reasonable and necessary. b. Ineligible xpenditures. A displaced business or farm operation is not entitled to payment for: (1) The cost of moving any structure or other real property improvement in which the displaced person reserved ownership. (This provision does not preclude the option of moving a building under 49CFR 24.4010 (4). 1. (2) Interest on a loan to cover moving expenses. (3) Loss of goodwill. (4) Loss of profits. (5) Loss of trained employees. -8- Re- adopted: 12/19/03