Offer Of Relocation Assistance - Iowa Department Of Transportation Page 3
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404/2009
OFFICE OF RIGHT OF WAY - RELOCATION
OFFER OF RELOCATION ASSISTANCE
Residential
Owner-Occupant of more than 180 days
Date Negotiations Initiated
County
Owner
Project No.
Address
Parcel No.
In addition to the amount offered for the purchase of the real estate, the Iowa Department of
Transportation is authorized to make the following relocation assistance payments:
A.
Replacement Housing Payment:
This payment is based on a reviewed and approved acquisition price (or the acquisition price of
the residential portion, if applicable) of $
. A maximum of $
toward the purchase of
replacement decent, safe, and sanitary single-family housing based on a replacement dwelling
cost of $
or more. If the actual replacement dwelling cost is less than the amount shown or
if the acquisition price changes, the relocation payment may change. If the actual replacement
dwelling cost is more than the amount shown and comparable housing is available for $
the additional cost will be paid by the property owner. This determination was based on a
comparable dwelling located at
.
That property and properties located at
are currently available to you for your
consideration as replacement housing.
B.
Increased Interest Payment:
Based on information furnished to the Iowa Department of Transportation by the previous
mortgage holder(s) and the new mortgage holder(s), you may be eligible for a mortgage
increase differential payment. Further information is available from a Relocation Assistance
Agent.
C.
Incidental Expenses Payment:
The incidental expenses payment is for those actual, reasonable, and necessary expenses
incurred incident to the purchase of the replacement housing. Further information is available
from a Relocation Assistance Agent.
D.
Rental Assistance:
An owner occupant of 180 days or more who elects to rent replacement housing may be eligible
for a rental assistance payment. Further information is available from a Relocation Assistance
Agent.
E.
Residential Moving Payment:
1.
Actual reasonable and necessary moving costs based on receipted bills from a qualified
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