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Highway 61 correspondence and documents, 1968-1974

1971-01-02 Iowa State Highway Commission Relocation Assistance Advisory Program Page 8

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Business Moving Expense Payments : The owner of a business who is displaced for highway purposes and is in occupancy at the start of negotiations is eligible for a payment for actual, reasonable expenses to include; 1. Actual, reasonable expenses as a result of moving his business or other personal property; and 2. Actual or direct losses of tangible personal property as a result of moving his business; and an actual, reasonable expenses in search for a replacement location. Discontinued Business: ANy person who is displaced from his business may elect to receive a fixed payment in lieu of actual, reasonable expenses in moving his business. Such payment would be equal to the average net earnings of the business based upon his income tax returns during the two taxable years preceding the relocation of the business. Such payment shall not be less than $2,500 nor more than 10,000. In the case of a business, no such payment shall be bade unless the State of Iowa determines that the business (1) cannot be relocated without a substantial loss of business, and (2) such business is not part of a commercial enterprise having one or more similar businesses not being acquired by the Highway Commission for highway purposes.
 
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