Laserfiche WebLink
BOOK 9 MCE 27 <br />owners be -D_-_C: c: re=01=3er' for <br />necessary expenses as specified in Section 303 and <br />304 of the Federal Act. <br />(i) That the applicant will -execute such amendments -to <br />the above mentioned contract's'- and agreements and <br />execute, furnish,-and be bound by such additional <br />documents as the Secretary of Housing and Urban <br />Development shall determine necessary to effectuate <br />or ~plement the assurances provided hereunder, <br />AND BE IT FURTHER RESOLVED AS FOLLOWS: <br />That the standard for fair market rents for existing housing <br />is a comparative method according to the following policies: <br />1. The monthly rental :for a comparable replacement dwelling <br />shall be determined on a case-by-case basis, using one or more <br />dwellings which are actually available and determined to be most <br />representative of the dwelling from which the displacement occurs, <br />and conforms to the definition of comparable replacement housing <br />rE_e__eC to in Section 42.20(b) ar:c C.?arter 5, Section 4, p ra===~nc <br />t?:e T'ejnn=~ o h2']G DOOZ'. <br />C=_-arable dwelling u...its are selected from a neighborhood <br />from W_2ich the claimant moves, providing that the units are available <br />and meet the f cl lo•e.ine reouirements: <br />(a) lee County Sousing Code and 'ous_n-7 S.andards <br />(U) i.re i•ot in an area designated for _resent or future <br />gp,crn_ental action which may rev ly e Jected <br />to involve displacement <br />(c) Are not in a location subject to unreasonable adverse <br />environmc--tal conditions. <br />3. If the housing located in the displaced neighborhood does <br />not meet the criteria for the displaced, then housing shall be <br />selected from adjacent or nearby neighborhoods in ascending order <br />of rental costs. Neighborhoods where rental costs are generally <br />lower than the neighborhood from which the claimant is displaced <br />may not be used for selection of comparables. <br />