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PART 1— EXECUTIVE SUIVIMARY <br />PURPOSE OF EVALUAT�ON <br />LHB was hired by the City of Arden HiIis to inspect and evaluate the properties within a T� <br />Increment Financing Renewal and Renovation District ("TIF District") propased to be <br />estabIished by the City. The proposed TIF District is located in the City of Arden Hills, <br />bounded by Lake Johanna Bou�evard on the West, Sandeen Road on the North, Cour�ty Raad D <br />on the South and Lake Johanna on the East {Diagram 1) The purpose of LHB's work was to <br />deiermine whether the proposed TIF District meets the stahatory requirements for caverage, and <br />r�vhether buildings on two parcels, Iocated wit�in the proposed TIF District, meet the <br />qualifications r�quired %r a Renewal and Renovation District. <br />Diagram 1— Proposed TIF Disfrict <br />Page 3 <br />