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SCOPE OF WORK The propased TIF District consists of two {2) parcels, with three (3) Senior Residential buildings. Twa buildings in the proposed TrF District received an on-site interior and exterior inspection. One af the buildings (McKnight Building) was not inspected thoraughly after a ctarsory review determined it would not iikeIy be found substandard. Building code and Condition De�ciency reports for each buiiding inspected by LHB are locat�d in Appendix B. CONCLUSION After inspecting and evaluating the properties within the proposed T7F District and applying current statutory criteria for a Renewal and Renavation District under Minnesota Statutes, Section 469.174, Subdivision IOa, it is our professiona� opinion ihat ihe praposed TIF District quali�es as a Renewal and Renovation District because: + The proposed T1F Districfi has a coverage calculation of 100 percent which is above the 70 percent requirement. � 33 percent of the buiIdings are structuraIly substandard which is above the 20 percent requirement. • 50 percent of th� other buildings require substantial renovation or clearance which is above the 30 percent requirement. � The substandard buildings are reasonably distributed throughout the geographic area of the proposed TTP District. The re�nainder of t�is report describes our process and findings in detail. PART 2- MINNESOTA STATUTE 469.174, SUBDIVISION IOa REQiTII2EMENTS The properties were inspected in accordance with the following requirements under Minnesota Statutes, Section 469.174, Subdivision 10(c), which states: Interior Inspection "The municipality may not make such determination [that the building is structuralIy substar�dard] without at; interior inspection of the property..." Exterior Inspection and Other Means "An interior inspectian of the property is not required, if the municipality �nds that (1} the municipaiity or authority is unable to gain access to the property a$er using its best effarts to obtain permission from the party that owns or controIs the properly; and (2) the e�idence otherwise supparts a reasonable concIusion that the building is struct�arally substanciard." Page 4