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Relocation Assistance Program Summary This information statement is provided as courtesy by the City of Redwood City as a summary of its Relocation Assistance Program. If any discrepancies exist between this and applicable laws and regulations, those laws and regulations shall prevail. Page 7 (a) the value of the item for continued use at the site less the proceeds from its sale, or (b) the estimated reasonable cost of moving the item. 2.5.2 Substitute Personal Property. When an occupant chooses not to move an item of personal property but instead chooses to substitute it with a comparable item at the new location, an occupant may request reimbursement in an amount not to exceed the lesser of: (a) the replacement cost, minus any net proceeds from its sale, or (b) the estimated cost of moving the original item. 2.5.3 Low Value High Bulk Property. If the City considers an item of personal property to be of low value and high bulk, and moving costs are disproportionate to its value (such as minerals, metals, rock, or topsoil), the allowable moving cost payment shall not exceed the lesser of the amount which would be received if the personal property were sold at the site, or, the replacement cost of a comparable quantity delivered to the new location. 2.6 Costs Not Eligible for Reimbursement Under Actual Moving Costs. Certain items that are not eligible for reimbursement under the Relocation Program. There is no assistance with the costs: (a)Moving structures or any other item of real property improvement. (b)Interest on a loan. (c)Loss of goodwill, loss of profits, or loss of trained employees. (d)Additional operating expenses at the new location (except as provided for under Reestablishment). (e)Personal injury. (f)Preparing claims for a relocation payment (legal or professional services fees). (g)Searching for a replacement dwelling. (h)Physical changes to the real property at the replacement site that are not specifically related to reconnecting moved personal property or under Reestablishment. (i)Storage costs on real property owned or leased by occupant. (j)Refundable security deposits and utility deposits. 3.0 Reestablishment Expenses A small business or non-profit organization may be eligible for a payment, not to exceed $33,200, for expenses actually incurred in relocating and reestablishing the enterprise at a replacement site. To qualify, the business or non-profit organization must have not more than 500 employees working at the site the City is attempting to acquire. Business Reestablishment Expenses Appendix B to Relocation Impact Memorandum ATTY/RESO.0015/CC RESO APPROVING THE RELOCATION IMPACT MEMORANDUM FOR THE 84/101 REIMAGINED PROJECT - EXHIBIT A REV: 04-20-26 VR Page 15 of 34