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Attachment A <br />250 Third Avenue North, Suite 450 <br />Minneapolis, Minnesota 55401 <br />612.338.2029 <br />FaY 612.338.2088 <br />www.LHBcorp.com <br />June 9, 2009 <br />Patrick Trudgeon <br />Community Development Director <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br />TIF ANALYSIS UPDATE FOR TWIN LAKES TIF DISTRICT NO. 17 <br />LHB completed an analysis of a proposed Twin Lakes TIF District for the City of Roseville <br />Department of Community Development on June 14, 2005. The final report concluded that <br />12 of the 18 buildings in the district were substandard by definition of Minnesota Statute <br />469.174, subdivision 10. In addition, the report concluded that the District met the coverage <br />test and the substandard buildings were reasonably distributed throughout the District. On <br />June 20, 2005, the Roseville City Council validated LHB's findings by certifying TIF <br />District No. 17. <br />Since June of 2005, redevelopment activities within TIF District No. 17 have not proceeded <br />on the anticipated schedule, and as such, the City wants to preserve its ability to create a new <br />TIF District sometime in the future. In the meantime, several buildings within the existing <br />TIF District No. 17 are deteriorating rapidly. Two buildings have already been removed <br />(TIF no. 3-1 and 3-2). <br />Minnesota Statutes allow for buildings that are certified as substandard before demolition to <br />be included in future TIF Districts up to three years after demolition. As a result, the City of <br />Roseville requested LHB to re-evaluate the buildings that were found substandard in June of <br />2005 to enable the City Council to "re-certify" them as substandard before any potential <br />demolition activity in the near future. <br />CONCLUSION <br />After evaluating the buildings within the proposed TIF District on May 20-21, 2009, and applying <br />current statutory criteria for a Redevelopment District underMinnesota Statutes, Section 469.174, <br />Subdivision 10, it is our professional opinion that a11 10 remaining buildings still qualify as <br />substandard buildings. <br />The remainder of this letter and the attached Summary Spreadsheet describe our process and <br />findings in detail. <br />Duluth, MN Minneapolis, MN <br />