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value of the manufactured home, whichever is greater, as determined by an independent appraiser experienced in manufactured home appraisal approved by the City. The purchaser shall pay the cost of the appraisal or shall reimburse the City for any advances it makes to such appraiser for such cost. The purchaser shall pay the additional 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 owners no later than the ninety (90) days prior to the earlier of closing of the park or its conversion to another use. SECTION 313.08 PAYMENT OF RELOCATION COSTS TO DISPLACED RENTERS 1. After service of the closure statement by the park owner and upon submittal by the displaced renter of a contract or other verification of relocation expenses, the park owner shall pay to the displaced renter reasonable costs of relocating. Reasonable relocation costs shall include: A. The actual expenses incurred in moving the displaced renter's personal property. B. The cost of insurance for the replacement value of the property being moved. C. The difference between (New Lot Rent - Closed Lot Rent) for a period of 2 years, if the new lot rent is greater than the old lot rent. SECTION 313.09 PENALTY 1. Violation of any provision of this Ordinance shall be a misdemeanor. 2. Any provisions of this Ordinance may be enforced by injunction or other appropriate civil remedy. 3. The City shall not issue a building permit in conjunction with reuse of manufactured home park property unless the park owner has paid reasonable location costs and the purchaser of the park has provided additional compensation in accordance with the requirements of the Ordinance. Approval of any application for rezoning, platting, conditional use permit, planned unit development or variance in conjunction with a park closing or conversion shall be conditional on compliance with the requirements of this Ordinance. SECTION 2. Effective Date. This ordinance shall take effect upon its passage and publication.