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Part II. Code :Chapter 15 page 4 (B) (C) The cost of insurance for the replacement value of the property being moved. The cost of repairs or modifications that are required in order to move the manufactured home. (Added by Ord. No. 89-57, 10-30-89) [Top of page ] Section 15. 75. PAYMENT OF ADDITIONAL COMPENSATION. (A) If a resident cannot relocate the manufactured home within a 25 mile radius of the park that is being closed or some other agreed upon distance, the resident is entitled to additional compensation to be paid by the purchaser of the park, in order to mitigate the adverse financial impact of the park closing. If the 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 City Assessor and as reported on the resident's most recent property tax statement. The purchaser 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. If a 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 resident elects not to tender title to the manufactured home, the resident is entitled to relocation costs based upon an average of relocation costs awarded to other residents in The total compensation to be paid to displaced residents by the park owner and purchaser of the park shall not exceed twenty ercent f the urchase rice of the ark. (B) (C) (Added by Ord. No. 89-57, 10-30-89) [Top of page ] Section 15.76. VERIFICATION OF COSTS. The displaced resident must submit a contract or other verified cost estimate for relocating the manufactured home to the park owner for approval as a ition to the ark owner's Ii .. a relocation ex ense . f the par I owner re ses to pay the contract or other verified costs estlma e, the park owner shall arrange for relocating the manufactured home and pay the ~ relocation costs identified in Section 15.74 of this Article. (Added by Ord. No. 89-57, 10-30-89) [Top of page] http://www.ci.bloomington.rnn.us/code/p2.phtml?IND=code15_4 Page 4 of8 I ... 10/27/99