California CodesBusiness and Professions Code - BPCDivision 3 — Professions and Vocations GenerallyChapter 2.5 — On-Premises Advertising DisplaysSection 5493
(a) As an alternative to payment of fair and just compensation under Section 5492, a city or county may pay fair and just compensation to the owner of the on-premises advertising display by paying the actual replacement cost to the owner for an on-premises advertising display which shall conform with the laws in effect that are applicable to the owner’s business premises, and shall include, as part of the actual replacement cost, the actual cost for removal of the nonconforming on-premises advertising display and the actual cost of the repair to the real property caused by the removal of the display.
(b) The sum payable as fair and just compensation to the owner of any on-premises advertising display shall be the greater of the two methods provided in subdivision (a) of this section or Section 5492 as the basis for fair and just compensation. In any event, before any on-premises advertising display is required to be removed, the fair and just compensation required by subdivision (a) of this section or Section 5492 shall be paid.
Notes
Allows a city or county, instead of the standard fair-compensation method, to pay an on-premises display owner the actual cost of a lawful replacement display plus actual removal and resulting real-property repair costs. Compensation must be the greater amount produced by the two statutory methods and must be paid before the display is required to be removed.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 5493 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-3/chapter-2-5/section-5493