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0 a 0, <br />Gntenor, partitions, or similar factors, which defects or deficiencies are of sufficient total <br />cignificance to Justify substantial renovation. or clearance. <br />Pi <br />A building 'is not structurally substandard if *it is m"i compliance with the building code <br />applicable to new buildings or if it could, be modified to satisfy the building code at a cost <br />of less than, fifteen, percent of the cost of con,structm*g a new siftucture of the same square <br />footage and type as, on the site (Mm*'n., Stat. § 469.1714, Subid., I 01(c)). <br />'The property consists of vacant, unused, under, use inappropriately used, or inflrequently <br />used rail yards, rail storage facilities,, or exicessive or vacated railroad nights-of-way. <br />Tank facilities exist on, the site as specified M' Minn. Stat. § 469. 17'4, Subdivision- <br />10(a)(3). <br />An Econorm"e, Development District may be created by the EDiA after the EDA holds a <br />public h,ea mg on die, matter. At least 10 days before the hean" ng, the EiDA shall publi <br />notice of the hearing "in a daidy newspaper ot general circulation in the City. Also the <br />EDA shall fmd that an, econonuc, development district isi proper and desirable to establi <br />within the City. I <br />4. A qualifying disaster area, as, defm,e ` <br />d 'in MM. Stat,. § 469.17'4, Subdivision 1, O(b). <br />Redevelopmew Project <br />04 <br />