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PART I — EXECUTIVE SUMMARY <br />PURPOSE OF EVALUATION <br />LHB was hired by the City of Arden Hills to inspect azid e�aluafie the properties within a T� <br />Increment F'inancing Renewal and Renovation District ("TIF District") proposed to be <br />established by the City. Tl�e proposed TIF District is located in the City of Arden Hills, <br />bounded by Lake Johanna Boulevard on the West, Sandeen Road on the North, County Road D <br />on the South and Lake Johanna on the East (Diagram 1) The purpose of LHB's work was to <br />determine whether the proposed TIF District meets th.e statutary requirernents for coverage, and <br />whether buildings on two parcels, lacated within the praposed TIF District, meet the <br />qualif cations required for a Renewal and Renovation District. <br />Diagram 1— Proposed TIF Dis#rict <br />Page 3 <br />