Part1 -Five Mistakes Business Owners Make When Dealing With Eminent Domain

PART 1 FIVE MISTAKES BUSINESS

OWNERS MAKE WHEN DEALING

WITH EMINENT DOMAIN

Martyn L. DanielEminent Domain and Business

Relocation Consultant

First, let me ask you…are you worried? Will your business be relocated by a city or state department claiming eminent domain?

Copyright 2011 Martyn L. Daniel

Chances are you have been notified that a project is forthcoming which may mean that your business will need to move.


But you DO have rights and reimbursement benefits.

This is what you need to know…

#1 - Failing to Plan the Relocation

Planning should start when you are first aware of the project which will impact your business.


Begin to think about where you may relocate.

Do not become alarmed because the newlocality can be a more profitable site than

the current site!

Yes, the Government Will Help…

…the best they can, but they have limited resources and time.


Understand that the government has restricted knowledge of your business’ needs and desires.

If You Fail to Plan the Relocation…

Chances are you’ll lose opportunities


Suffer business downtime

Run the real risk of moving your business to storage instead of to a store-front, turnkey, operating business.

Your relocation goal is to ensure a seamless transition to

the new site.

So, Don’t Delay Planning for Your Move

Don’t let any controversy over the government’s project schedule, funding or legitimacy delay yourplanning.


Start planning immediately, and act as soon as any delays are cleared.

Emergency moves are the least desirable for businesses.

You Want to Avoid an Emergency Move!


Emergency moves will decrease therelocation benefits available to you.

Emergency moves are Stressful!

You want to allow for proper preparation for the move that will ultimately benefit your business.


Did You Know That…


The Government Has a Program called the Eminent Domain Business Relocation Benefits Program.


This is the national program used by federal, state, and local governments enacting eminent domain.

In 2005, the federal government determined the effectiveness of their Eminent Domain Business Relocation Benefits Program.

This study* shows relocated businesses in their study area failed at rates ranging from 25% to 85%.

*http://www.fhwa.dot.gov/realestate/nbrs2002_8.htm


Mistake #2 -PUTTING OFF PLANNING THE RELOCATION


Timing is Everything

The timing of your relocation determines whether you collect relocation benefits for a planned relocation or an emergency move.




Moving prior to proper notice can make a business ineligible for relocation benefits.


Have You Received Any Notice from the Agency or Government?

• Notice of Intent to Acquire

• Offer to purchase real property

• Notice of Eligibility

You must have one of these notices or occurrences before you are eligible for

relocation benefits


Begin planning for your move immediately.

But do not take any action until you have received the proper notification from the agency.


Quick Recap

MISTAKE #3 - USING A “DO-IT-YOURSELF” APPROACH


Why do business owners DIY?

They believe they understand the relocation guidelines.


They trust that the government and the government relocation agent will provide all their needs and “take care of it”.

They believe the movers will “do it all”.

You don’t miss what you don’t know…

but if you plan to do it ALL yourself you are missing out on receiving all of your eligible benefits.


MISTAKE #4 - COUNTING ON THE AGENCY’S RELOCATION AGENT TO PLAN THE RELOCATION



Government relocation agents are responsible for explaining your eligible relocation benefits, but they are not responsible for your planning.

Planning the best use of your relocation benefits is not always a priority for your assigned government relocation agent.

What is the assigned agent’s main goals?

• Move the business off the right-of-way

• Advise the business on eligible relocation benefits

• Assist the business in filing relocation claims.They are not

required to help plan your relocation.


Proper relocation planning requires the knowledge and use of most, or all, of the following:

• Business operations and management

• Relocation costs and eligible eminent domain relocation cost reimbursements

• Budgeting

• Project pro-forma preparation

• Scheduling


Proper Planning (also) Requires the Knowledge of:


Property leases • Equipment design and requirements • Cost estimating • Cost analysis • Building and site design, space layout • Construction costs and needed work, including a working knowledge of the 17 construction disciplines, including:

o Design o Electrical o Plumbing and Mechanical

MISTAKE #5 - FAILING TO MAKE FULL USE OF THE AVAILABLE RELOCATION BENEFIT


Many Business Will Never Know If They Utilized All the Benefits Available To Them


Unfortunately…




Most businesses relocate without realizing how or where relocation benefits could have helped them improve their unique situation.


Early recognition of relocation benefits will benefit your business by helping you to:

• Plan based on those recognized reimbursable costs • Recognize your opportunity to change and improve your business • Reveal the best replacement location for your business

Early recognition of relocation benefits will ALSO benefit your business by helping you to…


• Evaluate the opportunity to change the size of your business

• Evaluate and enact a change in business functions

• Evaluate and enact a new business look, or change to a different type of business altogether

A Good Move, Properly Planned May Mean a Fresh Start


But you need to knowwhat benefits are availableto you first

And it can be difficult to determine where or how to locate the necessary information

• FAILING TO PLAN THE RELOCATION1

• PUTTING OFF PLANNING THE RELOCATION2

• USING A “DO-IT-YOURSELF” APPROACH3

Avoid these mistakes


• COUNTING ON THE AGENT TO PLAN THE RELOCATION

4

• FAILING TO MAKE FULL USE OF THE RELOCATION BENEFIT

5

And these mistakes..


Avoid an Emergency Move

Your options and benefits diminish the longer you wait to take charge of your relocation.


Consider the services of an eminent domain and business relocation consultant who will:

• Have a knowledgeable professional acting as an intermediary.


• Coordinate and plan with contractors.

• Will find the best resources to make the relocation successful.

An Eminent Domain Consultant Can…

• Save the business money in potentially lost revenue

• Guide business owners through their options

• Make practical recommendations

• Help businesses collect cost reimbursements

• Be available for questions and feedback


Most business owners who choose to relocate withoutprofessional assistance

will get through their relocation; they just won’t know what benefits they

missed out on and what benefits they would have received with proper

professional help.


Do You Know What Benefits YouHave Available to You?



…that hiring a Relocation Consultant is an eligible, reimbursable benefit?


Do You Have Questions?


Contact me for a free, no obligation 15-minute call.


Phone: 425-398-5708

Or schedule a call with me on my calendar:https://my.timedriver.com/F8VSS

Website: www.MartynDanielLLC.com

Email: [email protected]

https://my.timedriver.com/F8VSS



http://www.martyndanielllc.com/

mailto:[email protected]

I am Martyn DanielI can help you understand what benefits you are

entitled to and help you relocateyour business with success!



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Part1 -Five Mistakes Business Owners Make When Dealing With Eminent Domain