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Economic & Planning Systems, Inc.8 <br />RELOCATION ASSISTANCE - WHAT WOULD CHANGE? <br />Would substantially increase tenant relocation assistance for no <br />fault evictions, in most cases <br />Illustrative calculation assuming one-bedroom = Contract Rent @ $3,000 / month: <br />*Fair Market Rate (FMR) for one-bedroom is $2,977 <br />**Proposed Ordinance adds $6,000 for elderly, disabled, or terminally ill tenants. <br />Existing TPO <br />Proposed Ordinance <br />(Greater of 4 months <br />FMR* or $12,000) <br />Additional <br />Costs / Unit <br />Base Relocation <br />$3,000 <br /> (1 Month <br />Contract Rent) <br />$12,000 $9,000 <br />Special <br />Circumstances <br />$8,931 - <br />$11,908 <br />(3-4 Months <br />FMR*) <br />$18,000**$6,092 - <br />$9,069