< Previous | Index | Next >
Let's See How It Works
Reference: Subpart D § 24.301,303, 304
Changes in Business Moving Payments
Notes:
Explanation/Example
Reference: Subpart D § 24.301,303, 304
Changes in Business Moving Payments
This example illustrates the changes in the amounts reimbursed under the old and new regulations, given an analysis of the expenditures for the same business move. (Reference Slide D-15)
| Item | Amount | Old rule $$ | New rule $$ | ||
|---|---|---|---|---|---|
| Hauling | $8,500 | Move | $8,500 | Move | $8,500 |
| Reinstallation | $5,000 | Move | $5,000 | Move | $5,000 |
| Insurance | $1,200 | Move | $1,200 | Move | $1,200 |
| Direct Loss | $4,200 | Move | $4,200 | Move | $4,200 |
| Search | $3,000 | Move | $1,000 | Move | $2,500 |
| Utility Connection | $4,000 | Reestab | $4,000 | Move | $4,000 |
| Code items | $5,000 | Reestab | $5,000 | Reestab | $5,000 |
| Exterior Sign | $2,500 | Reestab | $1,000* | Reestab | $2,500 |
| Impact fee | $5,000 | Reestab | $-0- | Move | $5,000 |
| Modifications | $3,500 | Reestab | $-0- | Reestab | $2,500* |
| Total payment from DOT | $29,900 | $40,400 | |||
Note: Each computed payment contains the maximum re-establishment amount of $10,000.
*partial payment due to $10,000 cap being reached
This example illustrates modifications in the rule regarding changes made by moving certain former business re-establishment payments to a new section 24.303 that has no monetary cap. Section 24.304 with the $10,000 cap now goes further because fewer potential claims compete for eligible reimbursement under that authority.
Additionally, the searching costs limit has been increased as well as eligible costs expanded to included the business owner's time to apply for permits, etc. and to negotiate the purchase of a replacement property.
To provide feedback, suggestions or comments for this page, contact Arnold Feldman arnold.feldman@fhwa.dot.gov
