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<br />I. After service of the closure statement by the park owner and upon submittal by the <br />displaced owner of a contract or other verification of relocation expenses, the park owner <br />shall pay to the displaced owner the reasonable cost of relocating the manufactured home <br />to another manufactured home park located within a twenty-five (25) mile radius of the <br />park that is being closed, converted to another use, or ceasing operation. Reasonable <br />relocation costs shall include: <br /> <br />A. The actual expenses incurred in moving the displaced owner's manufactured <br />home and personal property, including the reasonable cost of disassembling, moving and <br />reassembling sheds and any attached appurtenances, such as porches, decks, skirting and <br />awnings, which were not acquired after notice of closure or conversion of the park, and <br />utility "hook-up" charges. <br /> <br />B. The cost of insurance for the replacement value of the property being moved. <br /> <br />C. The cost of repairs or modifications that are required in order to take down, <br />move and set up the manufactured home. <br /> <br />2. If a displaced owner cannot relocate the manufactured home within a twenty-five (25) <br />mile radius of the park which is being closed or some other agreed upon distance, and the <br />displaced owner elects not to tender title to the manufactured home, the displaced owner <br />is entitled to relocation costs based upon an average of relocation costs awarded to other <br />residents in the park. <br /> <br />3. A displaced owner compensated under this section shall retain title to the <br />manufactured home and shall be responsible for its prompt removal from the <br />manufactured home park. <br /> <br />4. The park owner shall make the payments under this section directly to the person <br />performing the relocation services after performance thereof, or, upon submission of <br />written evidence of payment of relocation costs by a displaced resident, shall reimburse <br />the displaced resident for such costs. <br /> <br />5. The displaced owner must submit a contract or other verified cost estimate for <br />relocating the manufactured home to the park owner as a condition to the park owner's <br />liability to pay relocation expenses. <br /> <br />SECTION 313.07 PAYMENT OF ADDITIONAL COMPENSATION TO <br />DISPLACED OWNERS <br /> <br />If a displaced owner 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 agreed upon <br />distance and tenders title to the manufactured home, the displaced owner is entitled to <br />additional compensation to be paid by the purchaser of the park in order to mitigate the <br />adverse financial impact of the park closing. In such instance, the additional <br />compensation shall be an amount equal to the estimated market value or the tax assessed <br />