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<br />. <br /> <br />If a resident either cannot or chooses not to relocate the manufactured home <br />within a 25-mile radius of the park that is being closed or some other <br />agreed upon distance and tenders title to the manufactured home, the <br />resident is entitled to additional compensation to be paid by the purchaser <br />of the park in order to mitigate the adverse financial impact of the park <br />closing. In such instance, the additional compensation shall be an amount <br />equal to the estimated market value or the tax assessed value of the <br />manufactured home, whichever is greater, as determined by an independent <br />appraiser experienced in mobile home appraisal approved by the City <br />Administrator. The purchaser shall pay the cost of the appraisal or shall <br />reimburse the City for any advances it makes to such appraiser for such <br />cost. The purchaser shall pay such compensation into an escrow account, <br />established by the park owner, for distribution upon transfer of title to <br />the home. Such compensation shall be paid to the displaced owners no later <br />than the ninety (90) days prior to the earlier of dosing of the park or its <br />conversion to another use. <br /> <br />SECTION 313.08 PAYMENT OF RELOCATION COSTS TO RENTERS <br /> <br />. <br /> <br />1. After service of the closure statement by the park owner and upon <br />submittal by the displaced renter of a contract or other verification of <br />relocation expenses, the park owner shall pay to the displaced renter <br />reasonable costs of relocating. Reasonable relocation costs shall include: <br /> <br />tY <br /> <br />A. The actual expenses incurred in moving the displaced renter's personal <br />property. <br /> <br />B. The cost of insurance for the replacement value of the property being <br />moved. <br /> <br />C. The difference between (New Lot Rent - Closed Lot Rent) for a period of <br />2 years, if the new lot rent is greater than the old lot rent. <br /> <br />SECTION 313.09 PENALTY <br /> <br />I. Violation of any provision of this Ordinance shall be a misdemeanor. <br /> <br />2. Any provisions of this Ordinance may be enforced by injunction or other <br />appropriate civil remedy. <br /> <br />. <br /> <br />3. The City shall not issue a building permit in conjunction with reuse of <br />manufactured home park property unless the park owner has paid reasonable <br />location costs and the purchaser of the park has provided additional <br />compensation in accordance with the requirements of the Ordinance. Approval <br />of any application for rezoning, platting, conditional use permit, planned <br /> <br />4 <br />