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4.7 SR 07-06-2020Request for Action To Item Number Mayor and City Council 4.7 Agenda Section Meeting Date Prepared by Consent July 6, 2020 Amanda Othoudt, EDD Item Description Reviewed by Main and Gates Redevelopment Findings of Fact Cal Portner, City Administrator Reviewed by Action Requested Adopt, by motion, a resolution finding parcels are occupied by structurally substandard buildings. Background/Discussion At their October 7, 2019, meetings, the HRA and the City Council adopted resolutions designating 326 Gates Ave NW, 414, 426 and 430 Main Street NW as structurally substandard prior to being demolished or removed in anticipation of creating a future redevelopment or renewal and renovation tax increment financing district based on the TIF Analysis Findings dated September 6, 2019, completed by LHB, Inc. The HRA engaged LHB, Inc. to conduct an inspection on two additional properties acquired by the HRA to determine if the proposed district meets the requirements. On June 1, 2020, LHB, Inc. found 406 Main Street NW to be structurally substandard under the definition set forth in the Minnesota Statutes, Sections 469.174 to 469.1794. A resolution must be adopted by the HRA and the city designating the buildings structurally substandard before the creation of the TIF District. The HRA will have three years from the approval of the resolution to certify the TIF district. Activity must occur before or within five years after certification of the district. Financial Impact N/A Attachments HRA Staff Report (July 6, 2020) Resolution The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional,` 01 e service, and community engagement that encourages and inspires pi ospei l_ y INAWRE1 Request for Action To Item Number Housing and Redevelopment Authority 7.3 Agenda Section Meeting Date Prepared by General BusinessJuly 6, 2020 Amanda Othoudt, EDD Item Description Reviewed by Main and Gates Redevelopment Findings of Fact Cal Portner, City Administrator Reviewed by Action Requested Approve, by motion, a resolution finding parcels are occupied by structurally substandard buildings. Background/Discussion At their April 3, 2017, meeting, the HRA directed staff to move forward with the steps necessary to create a redevelopment plan for the property located at the intersection of Main Street, Gates Avenue NW and 3ra Street. As part of this project, the HRA or the city may incur certain costs related to the creation of a TIF District which may be financed on a temporary basis from available HRA funds. The HRA proposes to reimburse itself for the administrative costs incurred prior to the establishment of the TIF District, subject to the limitations of the TIF Act, and certain costs incurred in connection with a study of blighted conditions, engineering, land and building acquisition, demolition and site preparation in an aggregate amount not to exceed $1,300,000 as amended on April 6, 2020. To create a Redevelopment TIF District per Minnesota Statutes, Section 46.174, the city and the HRA must determine before the demolition or removal of any substandard building that certain conditions existed. "The total coverage of the proposed TIF District have parcels consisting of 70 percent of the area of the district are occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures and more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance." On October 7, 2019, the HRA and the City Council adopted resolutions designating 326 Gates Ave NW, 414, 426 and 430 Main Street NW as structurally substandard prior to being demolished or removed in anticipation of creating a redevelopment or renewal and renovation tax increment financing district based on the TIF Analysis Findings dated September 6, 2019. The HRA engaged LHB, Inc. to conduct an inspection on two additional properties acquired by the HRA to determine if the proposed district meets the requirements. On June 1, 2020, LHB found 406 Main St NW to be structurally substandard under the definition set forth in the Minnesota Statutes, Sections 469.174 to 469.1794. A resolution must be adopted by the HRA and the city designating the buildings structurally substandard before the creation of the TIF District. The Elk River Vision A welcoming community n ith revolutionary and spirited resourcefulness, exceptional p Q w E H E u s r service, and community engagement that encourages and inspires prosperity, g /� ITUR The HRA will have three years from the approval of the resolution to certify the TIF district. Activity must occur before or within five years after certification of the district. Financial Impact N/A Attachments LHB, Inc. TIF Analysis Findings Report Uune 1, 2020) Resolution Report of Inspection Procedures and Results for Determining Qualifications of a Tax Increment Financing District as a Redevelopment District Main and Gates Redevelopment TIF District Elk River, Minnesota Revised June 1, 2020 Prepared For the City of Elk River Prepared by: LHB, Inc. 701 Washington Avenue North, Suite 200 Minneapolis, Minnesota 55401 LHB Project No. 190549 TABLE OF CONTENTS PART 1 — EXECUTIVE SUMMARY................................................................................ 2 Purposeof Evaluation................................................................................ 2 Scopeof Work........................................................................................... 3 Conclusion................................................................................................. 3 PART 2 — MINNESOTA STATUTE 469.174, SUBDIVISION 10 REQUIREMENTS....... 3 A. Coverage Test...................................................................................... 4 B. Condition of Buildings Test................................................................... 4 C. Distribution of Substandard Buildings ................................................... 5 PART 3 — PROCEDURES FOLLOWED......................................................................... 6 PART4 — FINDINGS...................................................................................................... 6 A. Coverage Test...................................................................................... 6 B. Condition of Building Test..................................................................... 7 1. Building Inspection....................................................................7 2. Replacement Cost..................................................................... 8 3. Code Deficiencies..................................................................... 8 4. System Condition Deficiencies..................................................9 C. Distribution of Substandard Structures ................................................. 9 PART 5 - TEAM CREDENTIALS.................................................................................. 11 APPENDIX A Property Condition Assessment Summary Sheet APPENDIX B Building Code, Condition Deficiency and Context Analysis Reports APPENDIX C Building Replacement Cost Reports Code Deficiency Cost Reports Photographs Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 1 of 12 Final Report PART 1 - EXECUTIVE SUMMARY PURPOSE OF EVALUATION LHB was hired by the City of Elk River to inspect and evaluate the properties within a Tax Increment Financing Redevelopment District ("TIF District") proposed to be established by the City. The proposed TIF District is bounded by 3' Street Northwest, Gates Avenue Northwest, and Main Street Northwest (Diagram 1). The purpose of LHB's work is to determine whether the proposed TIF District meets the statutory requirements for coverage, and whether eight (8) buildings on eight (8) parcels, located within the proposed TIF District, meet the qualifications required for a Diagram 1— Proposed TIF District Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 2 of 12 Final Report SCOPE OF WORK The proposed TIF District consists of eight (8) parcels with eight (8) buildings. Five (5) buildings were inspected on the interior and exterior on August 14, 2019, and two (2) buildings were inspected on the interior and exterior on May 8, 2020. One (1) building was not inspected as it did not appear substandard upon initial inspection. Building Code and Condition Deficiency Reports for the buildings that were inspected and found substandard are located in Appendix B. CONCLUSION After inspecting and evaluating the properties within the proposed TIF District and applying current statutory criteria for a Redevelopment District under Minnesota Statutes, Section 469.174, Subdivision 10, it is our professional opinion that the proposed TIF District qualifies as a Redevelopment District because: • The proposed TIF District has a coverage calculation of 100 percent which is above the 70 percent requirement. • 62.5 percent of the buildings are structurally substandard which is above the 50 percent requirement. • The substandard buildings are reasonably distributed. The remainder of this report describes our process and findings in detail. PART 2 - MINNESOTA STATUTE 469.174, SUBDIVISION 10 REQUIREMENTS 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 structurally substandard] without an interior inspection of the property..." EXTERIOR INSPECTION AND OTHER MEANS "An interior inspection of the property is not required, if the municipality finds that (1) the municipality or authority is unable to gain access to the property after using its best efforts to obtain permission from the party that owns or controls the property; and (2) the evidence otherwise supports a reasonable conclusion that the building is structurally substandard." DOCUMENTATION "Written documentation of the findings and reasons why an interior inspection was not conducted must be made and retained under section 469.175, subdivision 3(1)." QUALIFICATION REQUIREMENTS Minnesota Statutes, Section 469.174, Subdivision 10 (a) (1) requires three tests for occupied parcels: Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 3 of 12 Final Report A. COVERAGE TEST ..."Parcels consisting of 70 percent of the area of the district are occupied by buildings, streets, utilities, or paved or gravel parking lots..." The coverage required by the parcel to be considered occupied is defined under Minnesota Statutes, Section 469.174, Subdivision 10(e), which states: "For purposes of this subdivision, a parcel is not occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures unless 15 percent of the area of the parcel contains buildings, streets, utilities, paved or gravel parking lots, or other similar structures." B. CONDITION OF BUILDINGS TEST Minnesota Statutes, Section 469.174, Subdivision 10(a) states, "...and more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance;" 1. Structurally substandard is defined under Minnesota Statutes, Section 469.174, Subdivision 10(b), which states: "For purposes of this subdivision, `structurally substandard' shall mean containing defects in structural elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire protection including adequate egress, layout and condition of interior partitions, or similar factors, which defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance." a. We do not count energy code deficiencies toward the thresholds required by Minnesota Statutes, Section 469.174, Subdivision 10(b) defined as "structurally substandard", due to concerns expressed by the State of Minnesota Court of Appeals in the Valser Auto Sales, Inc. vs. City of Bicbfield case filed November 13, 2001. 2. Buildings are not eligible to be considered structurally substandard unless they meet certain additional criteria, as set forth in Subdivision 10(c) which states: "A building is not structurally substandard if it is in compliance with the building code applicable to new buildings or could be modified to satisfy the building code at a cost of less than 15 percent of the cost of constructing a new structure of the same square footage and type on the site. The municipality may find that a building is not disqualified as structurally substandard under the preceding sentence on the basis of reasonably available evidence, such as the size, type, and age of the building, the average cost of plumbing, electrical, or structural repairs, or other similar reliable evidence." "Items of evidence that support such a conclusion [that the building is not disqualified] include recent fire or police inspections, on -site property tax appraisals or housing inspections, exterior evidence of deterioration, or other similar reliable evidence." LHB counts energy code deficiencies toward the 15 percent code threshold required by Minnesota Statutes, Section 469.174, Subdivision 10(c)) for the following reasons: • The Minnesota energy code is one of ten building code areas highlighted by the Minnesota Department of Labor and Industry website where minimum construction standards are required by law. Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 4 of 12 Final Report • Chapter 13 of the 2015 Minnesota Building Code states, `Buildings shall be designed and constructed in accordance with the International Energy Conservation Code." Furthermore, Minnesota Rules, Chapter 1305.0021 Subpart 9 states, "References to the International Energy Conservation Code in this code mean the Minnesota Energy Code..." • Chapter 11 of the 2015 Minnesota Residential Code incorporates Minnesota Rules, Chapters, 1322 and 1323 Minnesota Energy Code. • The Senior Building Code Representative for the Construction Codes and Licensing Division of the Minnesota Department of Labor and Industry confirmed that the Minnesota Energy Code is being enforced throughout the State of Minnesota. • In a January 2002 report to the Minnesota Legislature, the Management Analysis Division of the Minnesota Department of Administration confirmed that the construction cost of new buildings complying with the Minnesota Energy Code is higher than buildings built prior to the enactment of the code. • Proper TIF analysis requires a comparison between the replacement value of a new building built under current code standards with the repairs that would be necessary to bring the existing building up to current code standards. In order for an equal comparison to be made, all applicable code chapters should be applied to both scenarios. Since current construction estimating software automatically applies the construction cost of complying with the Minnesota Energy Code, energy code deficiencies should also be identified in the existing structures. C. DISTRIBUTION OF SUBSTANDARD BUILDINGS Minnesota Statutes, Section 469.174, Subdivision 10, defines a Redevelopment District and requires one or more of the following conditions, "reasonably distributed throughout the district." (1) "Parcels consisting of 70 percent of the area of the district are occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures and more than 50 percent of the buildings, not including outbuildings, are structurally substandard to a degree requiring substantial renovation or clearance; (2) the property consists of vacant, unused, underused, inappropriately used, or infrequently used rail yards, rail storage facilities, or excessive or vacated railroad rights -of -way; (3) tank facilities, or property whose immediately previous use was for tank facilities..." Our interpretation of the distribution requirement is that the substandard buildings must be reasonably distributed throughout the district as compared to the location of all buildings in the district. For example, if all of the buildings in a district are located on one half of the area of the district, with the other half occupied by parking lots (meeting the required 70 percent coverage for the district), we would evaluate the distribution of the substandard buildings compared with only the half of the district where the buildings are located. If all of the buildings in a district are located evenly throughout the entire area of the district, the substandard buildings must be reasonably distributed throughout the entire area of the district. We believe this is consistent with the opinion expressed by the State of Minnesota Court of Appeals in the WlalserAuto Sales, Inc. vs. City of Bicbfield case filed November 13, 2001. Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 5 of 12 Final Report PART 3 - PROCEDURES FOLLOWED LHB inspected five (5) buildings during the day of August 14, 2019 and two (2) on May 8, 2020. One (1) building was not inspected as it did not appear substandard upon initial inspection. PART 4 - FINDINGS A. COVERAGE TEST 1. The total square foot area of the parcel in the proposed TIF District was obtained from City records, GIS mapping and site verification. 2. The total square foot area of buildings and site improvements on the parcels in the proposed TIF District was obtained from City records, GIS mapping and site verification. 3. The percentage of coverage for each parcel in the proposed TIF District was computed to determine if the 15 percent minimum requirement was met. The total square footage of parcels meeting the 15 percent requirement was divided into the total square footage of the entire district to determine if the 70 percent requirement was met. FINDING: The proposed TIF District met the coverage test under Minnesota Statutes, Section 469.174, Subdivision 10(e), which resulted in parcels consisting of 100 percent of the area of the proposed TIF District being occupied by buildings, streets, utilities, paved or gravel parking lots, or other similar structures (Diagram 2). This exceeds the 70 percent area coverage requirement for the proposed TIF District under Minnesota Statutes, Section 469.174, Subdivision (a) (1). Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 6 of 12 Final Report Diagram 2 — Coverage Diagram Shaded area depicts a parcel more than 15 percent occupied by buildings, streets, utilities, paved or gravel parking lots or other similar structures B. CONDITION OF BUILDING TEST 1. BUILDING INSPECTION The first step in the evaluation process is the building inspection. After an initial walk- thru, the inspector makes a judgment whether or not a building "appears" to have enough defects or deficiencies of sufficient total significance to justify substantial renovation or clearance. If it does, the inspector documents with notes and photographs code and non - code deficiencies in the building. Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 7 of 12 Final Report 2. REPLACEMENT COST The second step in evaluating a building to determine if it is substandard to a degree requiring substantial renovation or clearance is to determine its replacement cost. This is the cost of constructing a new structure of the same square footage and type on site. Replacement costs were researched using R.S. Means Cost Works square foot models for 2019 and 2020. A replacement cost was calculated by first establishing building use (office, retail, residential, etc.), building construction type (wood, concrete, masonry, etc.), and building size to obtain the appropriate median replacement cost, which factors in the costs of construction in Elk River, Minnesota. Replacement cost includes labor, materials, and the contractor's overhead and profit. Replacement costs do not include architectural fees, legal fees or other "soft" costs not directly related to construction activities. Replacement cost for each building is tabulated in Appendix A. 3. CODE DEFICIENCIES The next step in evaluating a building is to determine what code deficiencies exist with respect to such building. Code deficiencies are those conditions for a building which are not in compliance with current building codes applicable to new buildings in the State of Minnesota. Minnesota Statutes, Section 469.174, Subdivision 10(c), specifically provides that a building cannot be considered structurally substandard if its code deficiencies are not at least 15 percent of the replacement cost of the building. As a result, it was necessary to determine the extent of code deficiencies for each building in the proposed TIF District. The evaluation was made by reviewing all available information with respect to such buildings contained in City Building Inspection records and making interior and exterior inspections of the buildings. LHB utilizes the current Minnesota State Building Code as the official code for our evaluations. The Minnesota State Building Code is actually a series of provisional codes written specifically for Minnesota only requirements, adoption of several international codes, and amendments to the adopted international codes. After identifying the code deficiencies in each building, we used R.S. Means Cost Works 2019; Unit and Assembly Costs, and R.S. Means Cost Works 2020; Unit and Assembly Costs to determine the cost of correcting the identified deficiencies. We were then able to compare the correction costs with the replacement cost of each building to determine if the costs for correcting code deficiencies meet the required 15 percent threshold. FINDING: Five (5) out of eight (8) buildings (62.5 percent) in the proposed TIF District contained code deficiencies exceeding the 15 percent threshold required by Minnesota Statutes, Section 469.174, Subdivision 10(c). Building Code, Condition Deficiency and Context Analysis reports for the buildings in the proposed TIF District can be found in Appendix B of this report. Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 8 of 12 Final Report 4. SYSTEM CONDITION DEFICIENCIES If a building meets the minimum code deficiency threshold under Minnesota Statutes, Section 469.174, Subdivision 10(c), then in order for such building to be "structurally substandard" under Minnesota Statutes, Section 469.174, Subdivision 10(b), the building's defects or deficiencies should be of sufficient total significance to justify "substantial renovation or clearance." Based on this definition, LHB re-evaluated each of the buildings that met the code deficiency threshold under Minnesota Statutes, Section 469.174, Subdivision 10(c), to determine if the total deficiencies warranted "substantial renovation or clearance" based on the criteria we outlined above. System condition deficiencies are a measurement of defects or substantial deterioration in site elements, structure, exterior envelope, mechanical and electrical components, fire protection and emergency systems, interior partitions, ceilings, floors and doors. The evaluation of system condition deficiencies was made by reviewing all available information contained in City records, and making interior and exterior inspections of the buildings. LHB only identified system condition deficiencies that were visible upon our inspection of the building or contained in City records. We did not consider the amount of "service life" used up for a particular component unless it was an obvious part of that component's deficiencies. After identifying the system condition deficiencies in each building, we used our professional judgment to determine if the list of defects or deficiencies is of sufficient total significance to justify "substantial renovation or clearance." FINDING: In our professional opinion, five (5) out of eight (8) buildings (62.5 percent) in the proposed TIF District are structurally substandard to a degree requiring substantial renovation or clearance, because of defects in structural elements or a combination of deficiencies in essential utilities and facilities, light and ventilation, fire protection including adequate egress, layout and condition of interior partitions, or similar factors which defects or deficiencies are of sufficient total significance to justify substantial renovation or clearance. This exceeds the 50 percent requirement of Subdivision 10a(1). C. DISTRIBUTION OF SUBSTANDARD STRUCTURES Much of this report has focused on the condition of individual buildings as they relate to requirements identified by Minnesota Statutes, Section 469.174, Subdivision 10. It is also important to look at the distribution of substandard buildings throughout the geographic area of the proposed TIF District (Diagram 3). Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 9 of 12 Final Report FINDING: The parcels with substandard buildings are reasonably distributed compared to all parcels that contain buildings. Diagram 3 — Substandard Buildings Shaded green area depicts parcels with buildings. Shaded orange area depicts substandard buildings. Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 10 of 12 Final Report PART 5 - TEAM CREDENTIALS Michael A. Fischer, AIA, LEED AP - Project Principal/TIF Analyst Michael has 31 years of experience as project principal, project manager, project designer and project architect on planning, urban design, educational, commercial and governmental projects. He has become an expert on Tax Increment Finance District analysis assisting over 100 cities with strategic planning for TIF Districts. He is an Architectural Principal at LHB and currently leads the Minneapolis office. Michael completed a two-year Bush Fellowship, studying at MIT and Harvard in 1999, earning Masters degrees in City Planning and Real Estate Development from MIT. He has served on more than 50 committees, boards and community task forces, including a term as a City Council President and as Chair of a Metropolitan Planning Organization. Most recently, he served as Chair of the Edina, Minnesota planning commission and is currently a member of the Edina city council. Michael has also managed and designed several award -winning architectural projects, and was one of four architects in the Country to receive the AIA Young Architects Citation in 1997. Philip Waugh —Project Manager/TIF Analyst Philip is a project manager with 13 years of experience in historic preservation, building investigations, material research, and construction methods. He previously worked as a historic preservationist and also served as the preservation specialist at the St. Paul Heritage Preservation Commission. Currently, Phil sits on the Board of Directors for the Preservation Alliance of Minnesota. His current responsibilities include project management of historic preservation projects, performing building condition surveys and analysis, TIF analysis, writing preservation specifications, historic design reviews, writing Historic Preservation Tax Credit applications, preservation planning, and grant writing. Phil Fisher — Inspector For 35 years, Phil Fisher worked in the field of Building Operations in Minnesota including White Bear Lake Area Schools. At the University of Minnesota he earned his Bachelor of Science in Industrial Technology. He is a Certified Playground Safety Inspector, Certified Plant Engineer, and is trained in Minnesota Enterprise Real Properties (MERP) Facility Condition Assessment (FCA). His FCA training was recently applied to the Minnesota Department of Natural Resources Facilities Condition Assessment project involving over 2,000 buildings. M:\19Proj\190549\300 Design\Reports\01 2020 Reports\Final Report\190549 Main and Gates TIF Final Report.docx Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 11 of 12 Final Report APPENDICES APPENDIX A Property Condition Assessment Summary Sheet APPENDIX B Building Code and Condition Deficiencies Reports APPENDIX C Building Replacement Cost Reports Code Deficiency Cost Reports Photographs Main and Gates Redevelopment TIF District LHB Project No. 190549 Page 12 of 12 Final Report APPENDIX A Property Condition Assessment Summary Sheet � /\\ 2 k IL m 0 0 APPENDIX B Building Code, Condition Deficiency and Context Analysis Reports Main and Gates TIF Analysis Building Code, Condition Deficiency and Context Analysis Report Building Name: Residence Address: 326 Gates Ave NW, Elk River, MN 55330 Parcel ID: 75-401-0105 Inspection Date(s) & Time(s): August 14, 2019 10:00 am Inspection Type: Interior and Exterior Summary of Deficiencies: It is our professional opinion that this building is Substandard because: - Substantial renovation is required to correct Conditions found. - Building Code deficiencies total more than 15% of replacement cost, NOT including energy code deficiencies. Estimated Replacement Cost: Estimated Cost to Correct Building Code Deficiencies: Percentage of Replacement Cost for Building Code Deficiencies: Defects in Structural Elements 1. None observed. Combination of Deficiencies 1. Essential Utilities and Facilities a. None observed. 2. Light and Ventilation a. The HVAC system does not comply with code. Fire Protection/Adequate Egress a. Exterior stairways do not comply with code. b. Interior stairways do not comply with code. c. Smoke detectors do not comply with code. d. There are no code -required Arc Fault Circuit Interrupters e. There are no code -required carbon monoxide detectors. $165,096 $31,730 19.22% 4. Layout and Condition of Interior Partitions/Materials a. Flooring is of irregular heights and does not comply with code for emergency egress. b. Interior ceiling tile is water stained from a roof leak and should be replaced. c. There is mold present on the basement walls. Main and Gates TIF Analysis Page 1 of 2 Building Report LHB Project No. 190549 326 Gates Ave NW - Residence 5. Exterior Construction a. Front door threshold is rotting, and allowing for water intrusion, contrary to code. b. Windows are failing, allowing for water intrusion, and do not comply with code. c. Roofing material is failing, allowing for water intrusion, contrary to code. d. Chimney is cracked, allowing for water intrusion, contrary to code. Description of Code Deficiencies 1. The HVAC system does not comply with code. 2. Exterior stairways do not comply with code for proper rise or run. 3. The interior stairways do not comply with code for proper rise or run. 4. Smoke detectors do not comply with code. 5. There are no code -required Arc Fault Circuit Interrupters. 6. There are no code -required carbon monoxide detectors. 7. Flooring is of irregular height, creating an impediment to emergency egress, which is contrary to code. 8. Front door threshold is rotting, allowing for water intrusion, contrary to code. 9. Windows are failing, allowing for water intrusion, contrary to code. 10. Roofing material is failing, allowing for water intrusion, contrary to code. 11. Chimney is cracked, allowing for water intrusion, contrary to code. Overview of Deficiencies This 1939 building was originally constructed as a residential dwelling. The roofing material is failing, allowing for water intrusion. Exterior stairways do not comply with code. Several of the windows are failing, allowing for water intrusion. The HVAC system does not comply with code. The smoke detectors are not code -compliant. There are no code -required AFCI's or carbon monoxide detectors in the building. Interior stairways do not comply with code. Flooring is of irregular heights and is an impediment to emergency egress, contrary to code. Windows and roofing material are failing, allowing for water intrusion, contrary to code. The chimney is cracked allowing for water intrusion. M:\19Proj\190549\300 Design\Reports\Building Reports\326 Gates Ave NW\326 Gates Ave NW Building Report.docx Main and Gates TIF Analysis Page 2 of 2 Building Report LHB Project No. 190549 326 Gates Ave NW - Residence Main and Gates TIF Analysis Building Code, Condition Deficiency and Context Analysis Report Building Name: Former Office Address: 430 Main Street NW, Elk River, MN 55330 Parcel ID: 75-401-0130 Inspection Date(s) & Time(s): August 14, 2019 9:00 am Inspection Type: Interior and Exterior Summary of Deficiencies: It is our professional opinion that this building is Substandard because: - Substantial renovation is required to correct Conditions found. - Building Code deficiencies total more than 15% of replacement cost, NOT including energy code deficiencies. Estimated Replacement Cost: $280,670 Estimated Cost to Correct Building Code Deficiencies: $58,710 Percentage of Replacement Cost for Building Code Deficiencies: 20.92% Defects in Structural Elements 1. None observed Combination of Deficiencies 1. Essential Utilities and Facilities a. There is no code -compliant access into the building. b. There is no code -required accessible parking designated. 2. Light and Ventilation a. The HVAC system does not comply with code. b. The electrical wiring does not comply with code. Fire Protection/Adequate Egress a. Exterior stairways are not code -compliant. b. Thresholds are not code -compliant. c. Interior stairway does not comply with code. d. Smoke detectors are not code -compliant. e. There is no code -required emergency notification system. f. Emergency lighting is not code -compliant. g. There is no code -required building sprinkler system. h. The building does not have code -required fire proofing. 4. Layout and Condition of Interior Partitions/Materials a. Windowsills should be refinished. b. Floor tile should be repaired. Main and Gates TIF Analysis Page 1 of 2 Building Report LHB Project No. 190549 430 Main St NW — Former Office 5. Exterior Construction a. Windows are failing, allowing for water intrusion, contrary to code. b. Wood siding should be repainted. Description of Code Deficiencies 1. There is no code -required accessible route into the building. 2. There is no code -required accessible parking. 3. The HVAC system does not comply with code. 4. The electrical wiring does not comply with code. 5. Exterior stairways are not code -compliant. 6. Thresholds are not code -compliant. 7. Interior stairway does not comply with code. 8. Smoke detectors are not code -compliant. 9. Emergency lighting does not comply with code. 10. There is no code -required emergency notification system. 11. There is no code -required building sprinkler system. 12. Code -required fire proofing should be installed. 13. Windows are failing, allowing for water intrusion, contrary to code. Overview of Deficiencies This building was constructed in 1920 as a residential dwelling. It was most recently used as an office space. The interior was remodeled, and interior surfaces are in good condition, but it does not comply with life safety codes for a commercial space. Access into the building does not comply with code. The exterior and interior stairways do not comply with code. Windows are failing, allowing for water intrusion, contrary to code. M:\19Proj\190549\300 Design\Reports\Building Reports\430 Main Street NW\430 Main Street NW Building Report.docx Main and Gates TIF Analysis Page 2 of 2 Building Report LHB Project No. 190549 430 Main St NW — Former Office Main and Gates TIF Analysis Building Code, Condition Deficiency and Context Analysis Report Building Name: Residence Address: 426 Main Street NW, Elk River, MN 55330 Parcel ID: 75-401-0135 Inspection Date(s) & Time(s): August 14, 2019 9:20 am Inspection Type: Interior and Exterior Summary of Deficiencies: It is our professional opinion that this building is Substandard because: - Substantial renovation is required to correct Conditions found. - Building Code deficiencies total more than 15% of replacement cost, NOT including energy code deficiencies. Estimated Replacement Cost: Estimated Cost to Correct Building Code Deficiencies: Percentage of Replacement Cost for Building Code Deficiencies: Defects in Structural Elements 1. The center floor beam is cracked and supported with a temporary screw jack. Combination of Deficiencies 1. Essential Utilities and Facilities a. None observed. Light and Ventilation a. The HVAC system is not code -compliant. Fire Protection/Adequate Egress a. Exterior stairways do not comply with code. b. Interior stairways do not comply with code. c. Basement floor to ceiling height does not comply with code. d. Smoke detectors are not code -compliant. e. There are no code -required Arc Fault Circuit Interrupters in the building. f. There are no code -required carbon monoxide detectors in the building. 4. Layout and Condition of Interior Partitions/Materials a. Plaster ceilings are cracked. b. Plaster ceilings are water damaged. c. Plaster ceilings should be repainted. d. Interior doors and walls should be repainted. $141,791 $42,712 30.12% Main and Gates TIF Analysis Page 1 of 2 Building Report LHB Project No. 190549 426 Main St NW - Residence 5. Exterior Construction a. Widows are failing, allowing for water intrusion, contrary to code. b. Roofing material is failing, allowing for water intrusion, contrary to code. Description of Code Deficiencies 1. The HVAC system does not comply with code. 2. Exterior stairways do not comply with code. 3. Interior stairway does not comply with code. 4. Basement floor to ceiling height does not comply with code. 5. Current smoke detectors do not comply with code. 6. There are no code -required Arc Fault Circuit Interrupters in the building. 7. There are no code -required carbon monoxide detectors in the building. 8. Windows have failed, allowing for water intrusion, contrary to code. 9. Roofing material is failing allowing for water intrusion, contrary to code. Overview of Deficiencies This residential dwelling was constructed in 1926. Other than electric and HVAC it does not look like any remodeling has taken place. Interior surfaces show wear and need to be repainted/refinished. The exterior stairways do not comply with code. The interior stairways do not comply with code. The Basement floor to ceiling height does not comply with code. The main supporting beam under the main floor has failed and is being supported by a temporary screw jack. Current smoke detectors do not comply with code. Code - required AFCI's are not present. Code -required carbon monoxide detectors are not present. Windows are failing, allowing for water intrusion, contrary to code. The roofing material is failing allowing for water intrusion, contrary to code. M:\19Proj\190549\300 Design\Reports\Building Reports\426 Main Street NW\426 Main Street NW Building Report.docx Main and Gates TIF Analysis Page 2 of 2 Building Report LHB Project No. 190549 426 Main St NW - Residence Main and Gates TIF Analysis Building Code, Condition Deficiency and Context Analysis Report Building Name: Residence Address: 414 Main St NW, Elk River, MN 55330 Parcel ID: 75-401-0145 Inspection Date(s) & Time(s): August 14, 2019 9:40 am Inspection Type: Interior and Exterior Summary of Deficiencies: It is our professional opinion that this building is Substandard because: - Substantial renovation is required to correct Conditions found. - Building Code deficiencies total more than 15% of replacement cost, NOT including energy code deficiencies. Estimated Replacement Cost: Estimated Cost to Correct Building Code Deficiencies: Percentage of Replacement Cost for Building Code Deficiencies: Defects in Structural Elements 1. None observed. Combination of Deficiencies 1. Essential Utilities and Facilities a. None observed. 2. Light and Ventilation a. The HVAC system does not comply with code. Fire Protection/Adequate Egress a. Front entrance stairs do not comply with code. b. There are no code -compliant smoke detectors in the building c. There are no code -required Arc Fault Circuit Interrupters in the building. d. There are no code -required carbon monoxide detectors in the building. e. Interior stairways do not comply with code. 4. Layout and Condition of Interior Partitions/Materials a. Interior surfaces should be repainted/refinished. b. Ceiling tile is stained and should be replaced. c. Wood floors should be refinished. d. Glass windows are cracked and should be replaced. e. Plaster ceilings are cracked/damaged and should be repaired/repainted. f. Basement floor to ceiling height does not comply with code. $163,564 $47,651 29.13% Main and Gates TIF Analysis Page 1 of 2 Building Report LHB Project No. 190549 414 Main St NW - Residence Exterior Construction a. Wood fascia boards are rotting, allowing for water intrusion, contrary to code. b. Wood trim and siding should be repainted. c. The front porch does not comply with code d. Windows are failing, allowing for water intrusion, contrary to code. e. Roofing material is failing, allowing for water intrusion, contrary to code. Description of Code Deficiencies 1. The HVAC system does not comply with code. 2. Front entrance stairway does not comply with code for proper rise. 3. Current smoke detectors do not comply with code. 4. There are no code -required AFCI's in the building. 5. There are no code -required carbon monoxide detectors in the building. 6. Interior stairways do not comply with code. 7. Basement floor to ceiling height does not comply with code. 8. Wood fascia boards are rotting, allowing for water intrusion, contrary to code. 9. The front porch does not comply with code. 10. Windows are failing, allowing for water intrusion, contrary to code. 11. Roofing material is failing, allowing for water intrusion, contrary to code. Overview of Deficiencies This residential dwelling was constructed in 1920. Exterior wood surfaces should be repainted. The front entrance stairway does not comply with code for proper rise. The front porch does not comply with code. Current smoke detectors do not comply with code. There are no code -required AFCI's in the building. There are no carbon monoxide detectors in the building. All interior surfaces should be repainted/refinished. Interior stairways do not comply with code. The basement floor to ceiling height does not comply with code. Windows and roofing material has failed, allowing for water intrusion, contrary to code. M:\19Proj\190549\300 Design\Reports\Building Reports\414 Main Street NW\414 Main Street NW Building Report.docx Main and Gates TIF Analysis Page 2 of 2 Building Report LHB Project No. 190549 414 Main St NW - Residence Main and Gates TIF Analysis Building Code, Condition Deficiency and Context Analysis Report Parcel No. & Building Name: Parcel H Commercial Address and Parcel ID: 406 Main St NW, Elk River, MN 55330 Parcel ID: 75-401-0150 Inspection Date(s) & Time(s): May 8, 2020 10:15 am Inspection Type: Interior and Exterior Summary of Deficiencies: It is our professional opinion that this building is Substandard because: - Substantial renovation is required to correct Conditions found. - Building Code deficiencies total more than 15% of replacement cost, NOT including energy code deficiencies. Estimated Replacement Cost: Estimated Cost to Correct Building Code Deficiencies: Percentage of Replacement Cost for Building Code Deficiencies: Defects in Structural Elements 1. None observed. Combination of Deficiencies 1. Essential Utilities and Facilities a. There is no code -required accessible parking. b. There is no code -required accessible route into the building. c. There is no code -required accessible route to all levels of the building. d. Restrooms are not code -compliant for accessibility. e. Staff breakroom is not code -compliant for accessibility. f. Transaction counter is not code -compliant for accessibility. 2. Light and Ventilation a. Electrical wiring does not comply with code. b. Restrooms do not have a code -required Ground Fault Circuit Interrupter. c. HVAC system does not comply with code. $622,110 $176,236 28.33% Fire Protection/Adequate Egress a. The rear glass door does not have a code -required 10-inch kick plate. b. Thresholds do not comply with code. c. Door hardware is not code -compliant. d. Basement stairway does not comply with code. e. Damaged/missing floor tile should be repaired/replaced to comply with code for an unimpeded means of emergency egress. f. Smoke detectors do not comply with code. g. Emergency lighting does not comply with code. Main and Gates TIF Analysis Page 1 of 2 Building Report LHB Project No. 190549 406 Main St NW — Commercial Building h. There is no code -required emergency notification system. i. There is no code -required building sprinkler system. 4. Layout and Condition of Interior Partitions/Materials a. Interior walls and ceilings should be repaired/repainted. b. Basement restroom is not finished. c. Wood flooring should be refinished. 5. Exterior Construction a. Roofing material is damaged and should be repaired. Description of Code Deficiencies 1. Code -required accessible parking should be created. 2. There is no code -required accessible route into the building. 3. There is no code -required accessible route to all levels of the building. 4. Restrooms are not code -compliant. 5. Staff breakroom is not code -compliant. 6. There is no code -required transaction counter. 7. Electrical wiring does not comply with code. 8. Restrooms do not have code -required Ground Fault Circuit Interrupters. 9. The HVAC system does not comply with code. 10. Glass door does not have a code -required 10-inch kick plate. 11. Thresholds do not comply with code. 12. Door hardware is not code -compliant. 13. Basement stairway is not code -compliant. 14. Damaged/missing floor tile creates an impediment to emergency egress, contrary to code. 15. Smoke detectors do not comply with code. 16. Emergency lighting does not comply with code. 17. There is no code -required emergency notification system. 18. There is no code -required building sprinkler system. Overview of Deficiencies This former residential dwelling is currently used as a commercial building. The building does not comply with code for accessibility. There is no accessible parking. There is no accessible route into the building. There is no accessible route to all levels of the building. There is no accessible restroom. There is no accessible transaction counter. There is no accessible staff breakroom. Electrical wiring is not code - compliant. There are no code -required GFCI's in the restrooms. The HVAC system is not code -compliant. The glass door does not have a code -required 10-inch kick plate. Thresholds do not comply with code. Door hardware is not code -compliant. The basement stairway is not code -compliant. Damaged/missing floor tile creates an impediment to emergency egress, contrary to code. Smoke detectors are not code - compliant. Emergency lighting is not code -compliant. There is no code -required emergency notification system. There is no code -required building sprinkler system. M:\19Proj\190549\300 Design\Reports\01 2020 Reports\Building Reports\406 Main St NW\406 Main St NW Building Report.docx Main and Gates TIF Analysis Page 2 of 2 Building Report LHB Project No. 190549 406 Main St NW — Commercial Building APPENDIX C Building Replacement Cost Reports Code Deficiency Cost Reports Photographs Main and Gates TIF Analysis Replacement Cost Report RShAeanr. data frx M MOIR o 1^14 Estimate Name: Building Type: Location: Story Count: Story Height (L.F.): Floor Area (S.F.): Labor Type: Basement: Data Release: Cost Per Square Foot: Building Cost: Square Foot Cost Estimate Report 326 Gates Ave NW Economy 1-1/2 Story with Stucco on Wood Frame ELK RIVER, MN 1.5 8.00 1201 RES Unfinished Year2019 $137.47 $165,096.98 Date: 8/20/2019 Costs are derived from a building model with basic components. Scope differences and market conditions can cause costs to vary significantly. of Total Cost Per S.F. Cost 0104034 Footing excavation, building, 26' x 46', 4' deep $2.49 $2,990.39 Foundation0204030 Footing systems, 10" thick by 20" wide footing $2.19 $2,628.88 0208034 Block wall systems, 8" wall, grouted, full height $7.66 $9,200.56 0208034 Block wall systems, 8" wall, grouted, full height $6.70 $8,050.49 0220034 Floor slab systems, 4" thick slab $2.71 $3,260.42 0302028 Floor framing systems, 2" x 8", 16" OC $3.14 $3,768.66 0302106 Floor framing, wood joists, #2 or better, pine, 2" x 8", 16" OC $1.29 $1,552.81 0302112 Floor framing, bridging, wood 1" x 3", joists 16" OC $0.25 $298.50 0302119 Box sills, #2 or better pine, 2" x 8" $0.19 $233.42 0308026 Exterior wall framing systems, 2" x 4", 16" OC $0.68 $819.14 0308026 Exterior wall framing systems, 2" x 4", 16" OC $5.40 $6,489.19 0312046 Gable end roof framing systems, 2" x 8" rafters, 16" OC, 4/12 pitch $6.95 $8,344.85 0316138 Furring, 1" x 3", 16" OC $0.77 $928.35 0348026 Partition framing systems, 2" x 4", 16" OC $3.15 $3,785.31 Exterior Walls 0402148 Stucco, 2 coats $0.70 $836.61 0402148 Stucco, 2 coats $5.52 $6,627.60 0402155 Painting, lath, metal lath expanded 2.5 Ib/SY, painted $0.15 $177.60 0402155 Painting, lath, metal lath expanded 2.5 Ib/SY, painted $1.17 $1,406.97 0420043 Non -rigid insul, batts, fbgls, kraft faced, 3-1/2" thick, R13, 15" W $0.87 $1,048.47 0420051 Non -rigid insul, batts, fbgls, kraft faced, 12" thick, R38, 23" wide $0.98 $1,181.66 0440026 Sliding window systems, builder's quality wood window, 3' x 2' $7.57 $9,093.56 0452046 Door systems, solid core birch, flush, 3' x 6'-8" $1.60 $1,916.64 0460025 Storm door, al, combination, storm & screen, anodized, 3'-0" x 6'-8" $0.48 $576.02 Main and Gates TIF Analysis Replacment Cost Report LHB Project No. 190549 Page 1 of 2 326 Gates Ave NW - Residence 0504034 Gable end roofing, asphalt, roof shingles, class A $3.97 $4,770.35 �.Interiors�. 0604026 Wall system, 1/2" drywall, taped & finished $9.19 $11,032.35 0604026 Wall system, 1/2" drywall, taped & finished $3.55 $4,266.42 0608026 1/2" gypsum wallboard, taped & finished ceilings $2.75 $3,304.74 0620026 Lauan, flush door, hollow core, interior $8.19 $9,840.87 0660017 Carpet, Olefin, 15 oz $2.07 $2,491.75 0660027 Padding, sponge rubber cushion, minimum $0.77 $924.97 0660038 Underlayment plywood, 1/2" thick $2.11 $2,537.92 0664029 Resilient flooring, vinyl sheet goods, backed, .070" thick, minimum $1.40 $1,676.34 0664048 Resilient flooring, sleepers, treated, 16" OC, 1" x 3" $0.67 $807.64 0690036 Stairways 14 risers, oak treads, box stairs $3.33 $4,002.43 0690137 Basement stairs, open risers $0.98 $1,181.05 Specialties0708026 Kitchen, economy grade $2.37 $2,851.72 0712035 Sinks, stainless steel, single bowl 16" x 20" $1.42 $1,703.51 0712039 Water heater, electric, 30 gallon $1.15 $1,377.47 0812046 Three fixture bathroom with wall hung lavatory $3.97 $4,766.85 0860101 Furnace, gas heating only, 100 MBH, area to 1200 SF $1.00 $1,196.44 0860109 Intermittent pilot, 100 MBH furnace $0.23 $282.15 0860111 Supply duct, rectangular, area to 1200 SF, rigid fiberglass $0.85 $1,024.78 0860121 Return duct, sheet metal galvanized, to 1500 SF $1.02 $1,230.28 0860123 Lateral ducts, flexible round 6" insulated, to 1200 SF $0.91 $1,094.40 0860135 Register elbows, to 1500 SF $0.52 $626.98 0860137 Floor registers, enameled steel w/damper, to 1500 SF $0.34 $404.81 0860139 Return air grille, area to 1500 SF 12" x 12" $0.10 $116.67 0860143 Thermostat, manual, 1 set back $0.10 $125.58 0860147 Plenum, heating only, 100 MBH $0.15 $175.25 �Electrical 0910036 100 amp electric service $1.02 $1,226.27 0930018 Duplex receptacles using non-metallic sheathed cable $0.21 $254.98 0935112 Wiring device systems, economy to 1200 S.F. $2.00 $2,407.52 0945112 Light fixture systems, economy to 1200 S.F. $0.54 $644.04 SubTotal 100% $119.54 $143,562.59 Contractor Fees (General Conditions,Overhead,Profit) 15.0 % $17.93 $21,534.39 Architectural Fees 0.0 % $0.00 $0.00 User Fees 0.0 % $0.00 $0.00 Main and Gates TIF Analysis Replacment Cost Report LHB Project No. 190549 Page 2 of 2 326 Gates Ave NW - Residence Main and Gates TIF Analysis Code Deficiency Cost Report 326 Gates Ave NW Elk River, MN 55330Address - PID 75-401-0105 Accessibility Items Threshold Replace rotting exterior threshold to prevent water intrusion, per code $ 250.00 EA 1 $ 250.00 Structural Elements Exiting Stairways Modify exterior stairways to comply with code $ 0.37 SF 1201 $ 444.37 Modify interior stairways to comply with code $ 0.98 SF 1201 $ 1,176.98 Interior Flooring Modify irregular flooring levels to comply with code for emergency egress $ 4.68 SF 1201 $ 5,620.68 Fire Protection Smoke Detectors Install code compliant smoke detectors $ 250.00 EA 4 $ 1,000.00 Arc Fault Circuit Interrupters Install code required AFCI's $ 250.00 EA 6 $ 1,500.00 Carbon Monoxide Detectors Install code required carbon monoxide detectors $ 250.00 EA 2 $ 500.00 Exterior Construction Windows Replace failed windows to prevent water intrusion per code $ 7.57 SF 1201 $ 9,091.57 Chimney Repair cracks in chimney to prevent water intrusion per code $ 100.00 Lump 1 $ 100.00 Roof Construction Roofing Material Remove failed roofing material $ 0.84 SF 1201 $ 1,008.84 Install new roofing material to prevent water intrusion per code $ 3.97 SF 1201 $ 4,767.97 Mechanical- Electrical Mechanical The HVAC system does not comply with code $ 5.22 SF 1201 $ 6,269.22 Total Code Improvements $ 31,730 Main and Gates TIF Analysis Code Deficiency Cost Report LHB Project No. 190549 Page 1 of 1 326 Gates Ave NW - Residence Main and Gates TIF Analysis Photos: 326 Gates Avenue NW - Residence 20190814_092157.jpg r Ow, x 4 20190814_092231(0).jpg r� 20190814_092305.jpg 20190814_092216.jpg low 20190814_092231.jpg 20190814_092316.jpg 20190814_092220.jpg 20190814_092258.jpg f 20190814_092325.jpg a ff 20190814_092328.jpg 20190814_092330.jpg Page 1 of 4 20190814_092339.jpg Main and Gates TIF Analysis Photos: 326 Gates Avenue NW - Residence 20190814_092343.1ipg rT 20190814_092403.jpg l-ed 20190814_092512.jpg 20190814_092350.jpg 'A + Bw�1. 20190814_092412.jpg 20190814_092513.jpg 20190814_092356.jpg 20190814_092459.jpg 20190814_092528.jpg 20190814_092546.jpg 20190814_092551.' Page 2 of 4 20190814_092605.jpg Main and Gates TIF Analysis Photos: 326 Gates Avenue NW - Residence •WWL. I i 20190814_092620.jpg 20190814_092609.jpg 20190814_092706.jpg 20190814_092734.jpg 20190814_092723.jpg 20190814_092741.jpg 20190814_092648.jpg 20190814_092728.jpg 20190814_092750.jpg e pw -1 20190814_092807.jpg 20190814_092842.jpg Page 3 of 4 20190814_092853.jpg Main and Gates TIF Analysis Photos: 326 Gates Avenue NW - Residence 20190814_092902.jpg •r 3e'�i4' — t - x ��e f e MR 20190814_092925.jpg 20190814_092908.jpg 20190814_092932.jpg 20190814_092917.jpg Page 4 of 4 Main and Gates TIF Analysis Replacement Cost Report RSMoa n& data WAMMM11111101APIA Estimate Name: Building Type: Location: Story Count: Story Height (L.F.): Floor Area (S.F.): Labor Type: Basement Included: Data Release: Cost Per Square Foot: Building Cost: Square Foot Cost Estimate Report 430 Main St NW Office, 1 Story with Vinyl Clapboard / Wood Frame ELK RIVER, MN 1 8 1096 OPN Yes Year2019 $256.09 $280,670.39 Date: 8/20/2019 ,a x'A Costs are derived from a building model with basic components. Scope differences and market conditions can cause costs to vary significantly. of Total Cost Per S.F. Cost Substructure A1010 Standard Foundations $8.64 $9,465.54 A10101102700 Strip footing, concrete, reinforced, load 11.1 KLF, soil bearing capacity $4.92 $5,389.39 6 KSF, 12" deep x 24" wide A10102107410 Spread footings, 3000 PSI concrete, load 100K, soil bearing capacity 6 $3.72 $4,076.15 KSF, 4' - 6" square x 15" deep A1030 Slab on Grade $5.73 $6,276.05 A10301202240 Slab on grade, 4" thick, non industrial, reinforced $5.73 $6,276.05 A2010 Basement Excavation $3.97 $4,349.61 A20101104620 Excavate and fill, 10,000 SF, 8' deep, sand, gravel, or common earth, $3.97 $4,349.61 on site storage A2020 Basement Walls $30.69 $33,635.58 A20201107260 Foundation wall, CIP, 12' wall height, pumped, .444 CY/LF, 21.59 PLF, $30.69 $33,635.58 12" thick B1010 Floor Construction $29.15 $31,947.76 B10102030860 Cast -in -place concrete column, 12" square, tied, 200K load, 12' story $8.40 $9,203.22 height, 142 Ibs/LF, 4000PSI B10102103450 Wood column, 8" x 8", 20' x 20' bay, 10' unsupported height, 133 $0.45 $492.92 BF/MSF, 160 PSF total allowable load B10102221720 Flat slab, concrete, with drop panels, 6" slab/2.5" panel, 12" column, $14.26 $15,624.25 15'x15' bay, 75 PSF superimposed load, 153 PSF total load B10107203700 Fireproofing, gypsum board, fire rated, 2 layer, 1" thick, 14" steel $6.05 $6,627.38 column, 3 hour rating, 22 PLF B1020 Roof Construction $7.46 $8,172.21 B10201027100 Wood roof, truss, 4/12 slope, 24" O.C., 30' to 43' span $7.46 $8,172.21 B2010 Exterior Walls $13.06 $14,311.32 B20101484850 Wood siding, 2"x6" studs 16"OC, insulated wall, 8" plain vinyl siding $11.45 $12,554.38 B20101907600 Insulation, fiberglass batts, 6" thick, R19 $1.60 $1,756.94 B2020 Exterior Windows $6.13 $6,713.36 Main and Gates TIF Analysis Replacement Cost Report LHB Project No. 190549 Page 1 of 3 430 Main St NW - Fomer Office B20201066550 Windows, aluminum, awning, insulated glass, 4'-5" x 5'-3" $6.13 $6,713.36 B2030 Exterior Doors $4.08 $4,475.01 B20301106950 Door, aluminum & glass, with transom, narrow stile, double door, $2.13 $2,338.12 hardware, 6'-0" x 10'-0" opening B20301107300 Door, aluminum & glass, with transom, bronze finish, hardware, 3'-0" $1.10 $1,209.20 x 10'-0" opening B20302203450 Door, steel 18 gauge, hollow metal, 1 door with frame, no label, 3'-0" $0.85 $927.69 x 7'-0" opening B3010 Roof Coverings $2.88 $3,154.54 B30101401100 Asphalt roofing, strip shingles, inorganic, Class A, 4" slope, 210-235 $2.18 $2,384.56 I bs/SQ B30106100200 Gutters, box, aluminum, .032" thick, 5", enameled finish $0.56 $610.54 B30106200200 Downspout, aluminum, rectangular, 2" x 3", enameled, .024" thick $0.15 $159.45 Interiors C1010 Partitions $4.33 $4,746.05 C10101241200 Wood partition, 5/8"fire rated gypsum board face, none base,2 x 4,@ $1.77 $1,944.01 16" OC framing,same opposite face, 0 insul C10101241425 Wood partition, 5/8" fire rated gypsum board face, 1/4"sound $1.31 $1,432.50 deadening gypsum board, 2x4 @ 16" OC framing, same opposite face, sound attenuation insul C10101280700 Gypsum board, 1 face only, exterior sheathing, fire resistant, 5/8" $0.76 $829.71 C10101280960 Add for the following: taping and finishing $0.49 $539.84 C1020 Interior Doors $3.93 $4,310.91 C10201022600 Door, single leaf, kd steel frame, hollow metal, commercial quality, $3.93 $4,310.91 flush, 3'-0" x 7'-0" x 1-3/8" C1030 Fittings $0.40 $433.13 C10301100420 Toilet partitions, cubicles, ceiling hung, plastic laminate $0.40 $433.13 C3010 Wall Finishes $1.58 $1,728.33 C30102300140 Painting, interior on plaster and drywall, walls & ceilings, roller work, $0.67 $739.27 primer & 2 coats C30102300140 Painting, interior on plaster and drywall, walls & ceilings, roller work, $0.90 $989.06 primer & 2 coats C3020 Floor Finishes $5.26 $5,759.68 C30204100080 Carpet tile, nylon, fusion bonded, 18" x 18" or 24" x 24", 35 oz $3.15 $3,453.95 C30204101600 Vinyl, composition tile, maximum $0.91 $999.72 C30204101720 Tile, ceramic natural clay $1.19 $1,306.01 C3030 Ceiling Finishes $6.45 $7,072.31 C30302106000 Acoustic ceilings, 3/4" fiberglass board, 24" x 48" tile, tee grid, $6.45 $7,072.31 suspended support D2010 Plumbing Fixtures $3.10 $3,396.52 D20101102080 Water closet, vitreous china, bowl only with flush valve, wall hung $1.48 $1,620.35 D20102102000 Urinal, vitreous china, wall hung $0.20 $217.70 D20103101560 Lavatory w/trim, vanity top, PE on Cl, 20" x 18" $0.56 $613.28 D20104404340 Service sink w/trim, PE on Cl,wall hung w/rim guard, 24" x 20" $0.54 $595.85 D20108202080 Water cooler, electric, floor mounted, dual height, 14.3 GPH $0.32 $349.34 D2020 Domestic Water Distribution $1.71 $1,871.72 Main and Gates TIF Analysis Replacement Cost Report LHB Project No. 190549 Page 2 of 3 430 Main St NW - Fomer Office D20202501860 Gas fired water heater, commercial, 100< F rise, 100 MBH input, 91 $1.71 $1,871.72 GPH D3050 Terminal & Package Units $21.92 $24,026.73 D30501553840 Rooftop, multizone, air conditioner, offices, 10,000 SF, 31.66 ton $21.92 $24,026.73 D4010 Sprinklers $3.63 $3,973.39 D40104100620 Wet pipe sprinkler systems, steel, light hazard, 1 floor, 10,000 SF $3.63 $3,973.39 D4020 Standpipes $1.60 $1,751.89 D40203101540 Wet standpipe risers, class III, steel, black, sch 40, 4" diam pipe, 1 $1.60 $1,751.89 floor D5010 Electrical Service/Distribution $32.43 $35,540.16 D50101200320 Overhead service installation, includes breakers, metering, 20' $6.75 $7,401.88 conduit & wire, 3 phase, 4 wire, 120/208 V, 400 A D50102300320 Feeder installation 600 V, including RGS conduit and XHHW wire, 400 $8.76 $9,602.00 A D50102400240 Switchgear installation, incl switchboard, panels & circuit breaker, $16.91 $18,536.28 120/208 V, 3 phase, 600 A D5020 Lighting and Branch Wiring $17.04 $18,671.62 D50201100640 Receptacles incl plate, box, conduit, wire, 16.5 per 1000 SF, 2.0 W per $4.99 $5,464.04 SF, with transformer D50201350320 Miscellaneous power, 1.2 watts $0.34 $378.10 D50201400280 Central air conditioning power, 4 watts $0.62 $680.22 D50201452080 Motor installation, three phase, 460 V, 15 HP motor size $4.75 $5,204.96 D50202100520 Fluorescent fixtures recess mounted in ceiling, 1.6 watt per SF, 40 FC, $6.34 $6,944.30 10 fixtures @32watt per 1000 SF D5030 Communications and Security $7.55 $8,277.78 D50303101020 Telephone wiring for offices & laboratories, 8 jacks/MSF $1.69 $1,851.93 D50309100452 Communication and alarm systems, fire detection, addressable, 25 $3.11 $3,403.10 detectors, includes outlets, boxes, conduit and wire D50309100460 Fire alarm command center, addressable without voice, excl. wire & $0.93 $1,019.15 conduit D50309200110 Internet wiring, 8 data/voice outlets per 1000 S.F. $1.83 $2,003.59 Equipment & Furnishings E1090 Other Equipment $0.00 $0.00 Special Construction Building Sitework SubTotal 100% $222.68 $244,061.21 Contractor Fees (General Conditions,Overhead,Profit) 15.0 % $33.40 $36,609.18 Architectural Fees 0.0 % $0.00 $0.00 User Fees 0.0 % $0.00 $0.00 Main and Gates TIF Analysis Replacement Cost Report LHB Project No. 190549 Page 3 of 3 430 Main St NW - Fomer Office Main and Gates TIF Analysis Code Deficiency Cost Report 430 Main Street NW, Elk River, MN 55330 - PID 75-401-0130 Accessibility Items Parking Create a code required parking space Building Access Create a code compliant route into the building Structural Elements Exiting Stairways Modify exterior stairway to comply with code Modify interior stairway to comply with code Threshold Modify thresholds to comply with code for maximum height Fire Protection Smoke Detectors Install code compliant smoke detectors Emergency Lighting Install code compliant emergency lighting system Emergency Notification System Install code compliant emergency lighting system Building Sprinkler System Install code required emergency notification system Fire Proofing Install code required fire proofing Exterior Construction Windows Replace failed windows to prevent water intrusion per code Roof Construction Mechanical- Electrical Mechanical Install a code compliant HVAC system Electrical Install code compliant electrical wiring $ 100.00 EA 1 $ 100.00 $ 1,500.00 Lump 1 $ 1,500.00 $ 1,500.00 Lump 1 $ 1,500.00 $ 1.01 SF 1096 $ 1,106.96 $ 500.00 EA 1 $ 500.00 $ 3.11 SF 1096 $ 3,408.56 $ 500.00 EA 2 $ 1,000.00 $ 0.93 SF 1096 $ 1,019.28 $ 5.23 SF 1096 $ 5,732.08 $ 6.05 SF 1096 $ 6,630.80 $ 6.13 SF 1096 $ 6,718.48 $ 21.92 SF 1096 $ 24,024.32 $ 4.99 SF 1096 $ 5,469.04 Total Code Improvements $ 58,710 Main and Gates TIF Analysis Code Deficiency Cost Report LHB Project No. 190549 Page 1 of 1 430 Main St NW - Fomer Office Main and Gates TIF Analysis Photos: 430 Main Street NW - Former Office 20190814_085807.jpg 20190814_085824.jpg 20190814_085842.jpg 20190814_085816.jpg 20190814_085829.jpg x 'itk- 20190814_085921.jpg 20190814_085818.1ipg 20190814_085831.jpg 20190814_085945.jpg 20190814_090000.jpg 20190814_090003.jpg Page 1 of 4 20190814_090010.jpg Main and Gates TIF Analysis Photos: 430 Main Street NW - Former Office 20190814_090019.jpg 20190814_090038.jpg 20190814_090528.jpg 20190814_090021.jpg 20190814_090342.jpg 20190814_090537.jpg 20190814_090035.jpg I L� 20190814_090525.1ipg 20190814_090548.jpg 20190814_090556.jpg 20190814_090613.jpg Page 2 of 4 20190814_090616.jpg Main and Gates TIF Analysis Photos: 430 Main Street NW - Former Office 20190814_090620.jpg 20190814_090809.jpg 9 20190814_090825.jpg 20190814_090720.jpg 20190814_090812.jpg 20190814_090830.jpg 20190814_090747.jpg r I •,ts -WOW' ,v 20190814_090820.jpg 20190814_090858.jpg 20190814_090913.jpg 20190814_090940.jpg Page 3 of 4 20190814_091132.jpg Main and Gates TIF Analysis Photos: 430 Main Street NW - Former Office 20190814_091143.jpg 20190814_091230.jpg -11 20190814_091327.jpg 20190814_091147.jpg 20190814_091239.jpg 1 11 &-1 A 20190814_091339.jpg 20190814_091222.jpg 20190814_091251.jpg Page 4 of 4 Main and Gates TIF Analysis Replacement Cost Report RShAea Ir. data frx M MOIR o 1^14 Square Foot Cost Estimate Report Date: 8/20/2019 Estimate Name: 426 Main St NW Building Type: Economy 1 Story with Stucco on Wood Frame Location: ELK RIVER, MN ' Story Count: 1 - .•- ,,.--. Story Height (L.F.): 8.00 s Floor Area (S.F.): 993 y Labor Type: RES a3 - Basement: Unfinished Data Release: Year2019 Costs are derived from a building model with basic components. Cost Per Square Foot: $142.79 (Scope differences and market conditions can cause costs to vary significantly. Building Cost: $141,791.03 of Total Cost Per S.F. Cost 0104034 Footing excavation, building, 26' x 46', 4' deep $3.01 $2,990.39 Foundation 0204030 Footing systems, 10" thick by 20" wide footing $3.03 $3,007.77 0208034 Block wall systems, 8" wall, grouted, full height $10.60 $10,526.61 0208034 Block wall systems, 8" wall, grouted, full height $9.28 $9,210.78 0220034 Floor slab systems, 4" thick slab $4.34 $4,313.20 0302106 Floor framing, wood joists, #2 or better, pine, 2" x 8", 16" OC $2.07 $2,054.21 0302112 Floor framing, bridging, wood 1" x 3", joists 16" OC $0.40 $394.89 0302119 Box sills, #2 or better pine, 2" x 8" $0.31 $308.79 0308026 Exterior wall framing systems, 2" x 4", 16" OC $4.98 $4,949.64 0308026 Exterior wall framing systems, 2" x 4", 16" OC $0.47 $468.95 0316042 Truss roof framing systems, 24" OC, 4/12 pitch, 1' overhang, 26' span $7.21 $7,155.96 0348026 Partition framing systems, 2" x 4", 16" OC $2.70 $2,682.63 Exterior Walls �. 0402148 Stucco, 2 coats $5.09 $5,055.22 0402148 Stucco, 2 coats $0.48 $478.95 0402155 Painting, lath, metal lath expanded 2.5 Ib/SY, painted $1.08 $1,073.17 0402155 Painting, lath, metal lath expanded 2.5 Ib/SY, painted $0.10 $101.68 0420043 Non -rigid insul, batts, fbgls, kraft faced, 3-1/2" thick, R13, 15" W $0.81 $799.72 0420051 Non -rigid insul, batts, fbgls, kraft faced, 12" thick, R38, 23" wide $1.57 $1,563.22 0440026 Sliding window systems, builder's quality wood window, 3' x 2' $6.99 $6,936.13 0452046 Door systems, solid core birch, flush, 3' x 6'-8" $2.90 $2,874.96 0460025 Storm door, al, combination, storm & screen, anodized, 3'-0" x 6'-8" $0.87 $864.02 0504034 Gable end roofing, asphalt, roof shingles, class A $5.48 $5,440.24 �.Interiors.� . Main and Gates TIF Analysis Replacement Cost Report LHB Project No. 190549 Page 1 of 2 426 Main St NW - Residence 0604026 Wall system, 1/2" drywall, taped & finished $7.87 $7,818.58 0604026 Wall system, 1/2" drywall, taped & finished $3.28 $3,254.22 0608026 1/2" gypsum wallboard, taped & finished ceilings $2.75 $2,732.40 0620026 Lauan, flush door, hollow core, interior $7.45 $7,396.85 0660017 Carpet, Olefin, 15 oz $2.07 $2,060.20 0660027 Padding, sponge rubber cushion, minimum $0.77 $764.78 0660038 Underlayment plywood, 1/2" thick $2.11 $2,098.38 0664029 Resilient flooring, vinyl sheet goods, backed, .070" thick, minimum $1.40 $1,386.02 0664048 Resilient flooring, sleepers, treated, 16" OC, 1" x 3" $1.08 $1,068.43 0690137 Basement stairs, open risers $1.19 $1,181.05 Specialties0708026 Kitchen, economy grade $2.87 $2,851.72 0712035 Sinks, stainless steel, single bowl 16" x 20" $1.72 $1,703.51 0712039 Water heater, electric, 30 gallon $1.39 $1,377.47 0812046 Three fixture bathroom with wall hung lavatory $4.80 $4,766.85 0860101 Furnace, gas heating only, 100 MBH, area to 1200 SF $1.20 $1,196.44 0860109 Intermittent pilot, 100 MBH furnace $0.28 $282.15 0860111 Supply duct, rectangular, area to 1200 SF, rigid fiberglass $0.85 $847.30 0860121 Return duct, sheet metal galvanized, to 1500 SF $1.02 $1,017.21 0860123 Lateral ducts, flexible round 6" insulated, to 1200 SF $0.91 $904.86 0860135 Register elbows, to 1500 SF $0.52 $518.40 0860137 Floor registers, enameled steel w/damper, to 1500 SF $0.34 $334.70 0860139 Return air grille, area to 1500 SF 12" x 12" $0.10 $96.46 0860143 Thermostat, manual, 1 set back $0.13 $125.58 0860147 Plenum, heating only, 100 MBH $0.18 $175.25 �•Electrical 0910036 100 amp electric service $1.23 $1,226.27 0930018 Duplex receptacles using non-metallic sheathed cable $0.34 $337.31 0935112 Wiring device systems, economy to 1200 S.F. $2.00 $1,990.57 0945112 Light fixture systems, economy to 1200 S.F. $0.54 $532.50 SubTotal 100% $124.17 $123,296.55 Contractor Fees (General Conditions,Overhead,Profit) 15.0 % $18.62 $18,494.48 Architectural Fees 0.0 % $0.00 $0.00 User Fees 0.0 % $0.00 $0.00 Main and Gates TIF Analysis Replacement Cost Report LHB Project No. 190549 Page 2 of 2 426 Main St NW - Residence Main and Gates TIF Analysis Code Deficiency Cost Report 426 Main Street NW, Elk River, MN 55330 - PID 75-401-0135 Accessibility Items Structural Elements Exiting Stairways Modify exterior stairways to comply with code Modify interior stairways to comply with code Basement Floor to Ceiling Height Modify basement floor to ceiling height to comply with code Fire Protection Smoke Detectors Install code compliant smoke detectors Arc Fault Circuit Interrupters Install code compliant AFCI's Carbon Monoxide Detectors Install code compliant carbon monoxide detectors Exterior Construction Windows Replace failed windows to prevent water intrusion per code Roof Construction Roofing Material Remove failed roofing material Install new roofing material to prevent water intrusion per code Mechanical- Electrical Mechanical Install code compliant HVAC system $ 1,000.00 Lump 1 $ 1,000.00 $ 1.19 SF 993 $ 1,181.67 $ 20.00 SF 993 $ 19,860.00 $ 250.00 EA 3 $ 750.00 $ 250.00 EA 4 $ 1,000.00 $ 250.00 EA 2 $ 500.00 $ 6.99 SF 993 $ 6,941.07 $ 0.55 SF 993 $ 546.15 $ 5.48 SF 993 $ 5,441.64 $ 5.53 SF 993 $ 5,491.29 Total Code Improvements $ 42,712 Main and Gates TIF Analysis Code Deficiency Cost Report LHB Project No. 190549 Page 1 of 1 426 Main St NW - Residence Main and Gates TIF Analysis Photos: 426 Main Street NW - Residence 20190814_091438.jpg 20190814_091450(0).jpg 20190814_091505.jpg 20190814_091445.jpg 20190814_091450.jpg 20190814_091522.jpg 20190814_091447.jpg 20190814_091459.jpg mmm �T I 20190814_091531.jpg 20190814_091540.jpg 20190814_091555.jpg Page 1 of 3 20190814_091559.jpg Main and Gates TIF Analysis Photos: 426 Main Street NW - Residence 4� r 20190814_091608.jpg 20190814_091626.1ipg 20190814_091639.jpg 20190814_091615.jpg 20190814_091631.jpg 4 �I i 20190814_091647.jpg L 20190814_091621.jpg 20190814_091635.jpg 20190814_091650.jpg 20190814_091702.jpg 20190814_091720.' Page 2 of 3 20190814_091722.jpg Main and Gates TIF Analysis Photos: 426 Main Street NW - Residence 20190814_091736.jpg 20190814_091900.jpg 20190814_091935.jpg 20190814_091741.jpg Y „. 20190814_091914.jpg 20190814_091943.jpg 20190814_091807.jpg 20190814_091925.jpg 20190814_091946.jpg 20190814_091959.jpg 20190814_092013.jpg Page 3 of 3 20190814_092042.jpg Main and Gates TIF Analysis Replacement Cost Report RShAea Ir. ciaita frx M MOIR o 1^14 Square Foot Cost Estimate Report Date: 8/20/2019 Estimate Name: 414 Main St NW Building Type: Economy 2 Story with Wood Siding - Wood Frame Location: ELK RIVER, MIN k __ Story Count: 2q_ , Story Height (LF.): 8.00 cYi'., r• • Floor Area (S.F.): 1064 IF Labor Type: RES _ d, Basement: Unfinished Data Release: Year 2019 Costs are derived from a building model with basic components. Cost Per Square Foot: $153.73 Scope differences and market conditions can cause coststo vary significantly. Building Cost: $163,564.96 of Total Cost Per S.F. Cost 0104034 Footing excavation, building, 26' x 46', 4' deep $2.81 $2,990.39 Foundation�. 0204030 Footing systems, 10" thick by 20" wide footing $2.04 $2,168.09 0208034 Block wall systems, 8" wall, grouted, full height $7.13 $7,587.87 0208034 Block wall systems, 8" wall, grouted, full height $6.24 $6,639.39 0220034 Floor slab systems, 4" thick slab $2.17 $2,310.80 0302028 Floor framing systems, 2" x 8", 16" OC $4.18 $4,451.68 0302106 Floor framing, wood joists, #2 or better, pine, 2" x 8", 16" OC $1.03 $1,100.54 0302112 Floor framing, bridging, wood 1" x 3", joists 16" OC $0.20 $211.56 0302119 Box sills, #2 or better pine, 2" x 8" $0.16 $165.44 0308026 Exterior wall framing systems, 2" x 4", 16" OC $6.71 $7,135.67 0308026 Exterior wall framing systems, 2" x 4", 16" OC $0.32 $338.03 0316042 Truss roof framing systems, 24" OC, 4/12 pitch, 1' overhang, 26' span $3.60 $3,833.81 0316138 Furring, 1" x 3", 16" OC $1.03 $1,096.60 0348026 Partition framing systems, 2" x 4", 16" OC $3.78 $4,024.22 Exterior Walls 0408034 Wood siding systems, 1/2" x 8" beveled cedar siding, "A" grade $15.65 $16,653.79 0408034 Wood siding systems, 1/2" x 8" beveled cedar siding, "A" grade $0.74 $788.93 0420043 Non -rigid insul, batts, fbgls, kraft faced, 3-1/2" thick, R13, 15" W $1.08 $1,152.92 0420051 Non -rigid insul, batts, fbgls, kraft faced, 12" thick, R38, 23" wide $0.79 $837.50 0440026 Sliding window systems, builder's quality wood window, 3' x 2' $9.40 $9,999.50 0452046 Door systems, solid core birch, flush, 3' x 6'-8" $1.80 $1,916.64 0460025 Storm door, al, combination, storm & screen, anodized, 3'-0" x 6'-8" $0.54 $576.02 0504034 Gable end roofing, asphalt, roof shingles, class A $2.74 $2,914.61 �.Interiors Main and Gates Replacement Cost Report LHB Project No. 190549 Page 1 of 2 414 Main St NW - Residence 0604026 Wall system, 1/2" drywall, taped & finished $4.41 $4,691.46 0604026 Wall system, 1/2" drywall, taped & finished $11.02 $11,728.65 0608026 1/2" gypsum wallboard, taped & finished ceilings $2.75 $2,927.77 0620026 Lauan, flush door, hollow core, interior $10.24 $10,897.88 0660017 Carpet, Olefin, 15 oz $2.07 $2,207.51 0660027 Padding, sponge rubber cushion, minimum $0.77 $819.46 0660038 Underlayment plywood, 1/2" thick $2.11 $2,248.41 0664029 Resilient flooring, vinyl sheet goods, backed, .070" thick, minimum $1.40 $1,485.12 0664048 Resilient flooring, sleepers, treated, 16" OC, 1" x 3" $0.54 $572.41 0690036 Stairways 14 risers, oak treads, box stairs $3.76 $4,002.43 0690137 Basement stairs, open risers $1.11 $1,181.05 Specialties0708026 Kitchen, economy grade $2.68 $2,851.72 0712035 Sinks, stainless steel, single bowl 16" x 20" $1.60 $1,703.51 0712039 Water heater, electric, 30 gallon $1.29 $1,377.47 Mechanical 0812046 Three fixture bathroom with wall hung lavatory $4.48 $4,766.85 0860101 Furnace, gas heating only, 100 MBH, area to 1200 SF $1.12 $1,196.44 0860109 Intermittent pilot, 100 MBH furnace $0.27 $282.15 0860111 Supply duct, rectangular, area to 1200 SF, rigid fiberglass $0.85 $907.88 0860121 Return duct, sheet metal galvanized, to 1500 SF $1.02 $1,089.94 0860123 Lateral ducts, flexible round 6" insulated, to 1200 SF $0.91 $969.56 0860135 Register elbows, to 1500 SF $0.52 $555.46 0860137 Floor registers, enameled steel w/damper, to 1500 SF $0.34 $358.63 0860139 Return air grille, area to 1500 SF 12" x 12" $0.10 $103.36 0860143 Thermostat, manual, 1 set back $0.12 $125.58 0860147 Plenum, heating only, 100 MBH $0.16 $175.25 �•Electrical 0910036 100 amp electric service $1.15 $1,226.27 0930018 Duplex receptacles using non-metallic sheathed cable $0.17 $180.72 0935112 Wiring device systems, economy to 1200 S.F. $2.00 $2,132.89 0945112 Light fixture systems, economy to 1200 S.F. $0.54 $570.57 SubTotal 100% $133.68 $142,230.40 Contractor Fees (General Conditions,Overhead,Profit) 15.0 % $20.05 $21,334.56 Architectural Fees 0.0 % $0.00 $0.00 User Fees 0.0 % $0.00 $0.00 Main and Gates Replacement Cost Report LHB Project No. 190549 Page 2 of 2 414 Main St NW - Residence Main and Gates TIF Analysis Code Deficiency Cost Report 414 Main Street NW, Elk River, MN 55330 - PID 75-401-0145 Accessibility Items Structural Elements Exiting Stairway Modify exterior stairway to comply with code SF 1064 $ - Modify interior stairway to comply with code SF 1064 $ - Basement Floor to Ceiling Height Modify basement floor to ceiling height to comply with code $ 20.00 SF 1064 $ 21,280.00 Fire Protection Smoke Detectors Install code compliant smoke detectors $ 250.00 EA 3 $ 750.00 Arc Fault Circuit Interrupters Install code required AFCI's $ 250.00 EA 6 $ 1,500.00 Carbon Monoxide Detectors Install code required carbon monoxide detectors $ 250.00 EA 1 $ 250.00 Exterior Construction Wood Fascia Boards Replace/repair damaged fascia boards to prevent water intrusion per code $ 500.00 Lump 1 $ 500.00 Front Porch Modify front porch to comply with code $ 15.00 SF 260 $ 3,900.00 Windows Replace failed windows to prevent water intrusion per code $ 9.40 SF 1064 $ 10,001.60 Roof Construction Roofing Material Remove failed roofing material $ 0.75 SF 1064 $ 798.00 Install new roofing material to prevent water intrusion per code $ 2.74 SF 1064 $ 2,915.36 Mechanical- Electrical Mechanical Replace HVAC system to comply with code $ 5.41 SF 1064 $ 5,756.24 Total Code Improvements $ 47,651 Main and Gates Code Deficiency Cost Report LHB Project No. 190549 Page 1 of 1 414 Main St NW - Residence Main and Gates TIF Analysis Photos: 414 Main Street NW - Residence 20190814_093241.jpg 20190814_093307.jpg 20190814_093322.jpg 20190814_093352.jpg 20190814_093250.jpg i# t 20190814_093312.jpg 20190814_093327.jpg 20190814_093358.jpg Page 1 of 5 L f,. 20190814_093251.jpg I I I %4or + 46101 20190814_093315.jpg f 20190814_093409.jpg Main and Gates TIF Analysis Photos: 414 Main Street NW - Residence m 20190814_093436.jpg 20190814_093456.jpg 20190814_093514.jpg 20190814_093441.jpg 20190814_093500.jpg 20190814_093527.jpg 20190814_093445.jpg 20190814_093509.jpg 20190814_093558.jpg I \N 20190814_093609.jpg 20190814_093621.jpg Page 2 of 5 20190814_093628.jpg Main and Gates TIF Analysis Photos: 414 Main Street NW - Residence 20190814_093631.jpg 20190814_093714.jpg 20190814_093822.jpg 20190814_093637.jpg 20190814_093719.jpg 20190814_093823.jpg 20190814_093647.jpg 20190814_093732.1ipg 20190814_093832.jpg 20190814_093846.jpg 20190814_093849.jpg Page 3 of 5 20190814_093856.jpg Main and Gates TIF Analysis Photos: 414 Main Street NW - Residence 20190814_093859.jpg 20190814_093925.jpg f` 20190814_094146.jpg K] 20190814_094203.jpg 20190814_093901.jpg 20190814_094006.jpg 20190814_094158.jpg f � 20190814_094210.' Page 4 of 5 20190814_093922.jpg 20190814_094139.jpg 20190814_094202.jpg 20190814_094213.jpg Main and Gates TIF Analysis Photos: 414 Main Street NW - Residence 20190814_094231.jpg 20190814_094240.jpg I& 20190814_094250.jpg Page 5 of 5 Main and Gates TIF Analysis Replacement Cost Report RSM Mans darn hole BORGLi111iM' Square Foot Cost Estimate Report Date: 5/12/2020 Estimate Name: 406 Main Street NW Building Type: Office, 1 Story with Vinyl Clapboard / Wood Frame Location: ELK RIVER, MN Story Count: 14 vas'` i;'• ; Story Height (L.F.): 10 n-. Floor Area (S.F.): 2400 Labor Type: OPIN -3 Basement Included: Yes Data Release: Year 2019 Costs are derived from a building model with basic components. Cost Per Square Foot: $259.21 Scope differences and market conditions can cause costs to vary significantly. Building Cost: $622,110.38 of Total Cost Per S.F. Cost Substructure � = A1010 Standard Foundations $7.78 $18,669.63 A10101102700 Strip footing, concrete, reinforced, load 11.1 KLF, soil bearing $3.93 $9,431.43 capacity 6 KSF, 12" deep x 24" wide A10102107410 Spread footings, 3000 PSI concrete, load 100K, soil bearing capacity 6 $3.85 $9,238.20 KSF, 4' - 6" square x 15" deep A1030 Slab on Grade $5.73 $13,743.17 A10301202240 Slab on grade, 4" thick, non industrial, reinforced $5.73 $13,743.17 A2010 Basement Excavation $3.97 $9,524.69 A20101104620 Excavate and fill, 10,000 SF, 8' deep, sand, gravel, or common earth, $3.97 $9,524.69 on site storage A2020 Basement Walls $24.53 $58,862.27 A20201107260 Foundation wall, CIP, 12' wall height, pumped, .444 CY/LF, 21.59 PLF, $24.53 $58,862.27 12" thick B1010 Floor Construction $28.23 $67,749.18 B10102030860 Cast -in -place concrete column, 12" square, tied, 200K load, 12' story $8.69 $20,858.21 height, 142 Ibs/LF, 4000PSI B10102103450 Wood column, 8" x 8", 20' x 20' bay, 10' unsupported height, 133 $0.45 $1,079.38 BF/MSF, 160 PSF total allowable load B10102221720 Flat slab, concrete, with drop panels, 6" slab/2.5" panel, 12" column, $14.26 $34,213.68 15'x15' bay, 75 PSF superimposed load, 153 PSF total load B10107203700 Fireproofing, gypsum board, fire rated, 2 layer, 1" thick, 14" steel $4.83 $11,597.91 column, 3 hour rating, 22 PLF B1020 Roof Construction $7.46 $17,895.36 B10201027100 Wood roof, truss, 4/12 slope, 24" O.C., 30' to 43' span $7.46 $17,895.36 B2010 Exterior Walls $13.05 $31,310.03 B20101484850 Wood siding, 2"x6" studs 16"OC, insulated wall, 8" plain vinyl siding $11.44 $27,462.71 Main and Gates TIF Analysis Replacement Cost Report LHB Project No. 190549.01 Page 1 of 3 406 Main St NW — Commercial Building B20101907600 Insulation, fiberglass batts, 6" thick, R19 $1.60 $3,847.32 B2020 Exterior Windows $6.12 $14,685.48 B20201066550 Windows, aluminum, awning, insulated glass, 4'-5" x 5'-3" $6.12 $14,685.48 B2030 Exterior Doors $4.08 $9,799.30 B20301106950 Door, aluminum & glass, with transom, narrow stile, double door, $2.13 $5,119.97 hardware, 6'-0" x 10'-0" opening B20301107300 Door, aluminum & glass, with transom, bronze finish, hardware, 3'-0" $1.10 $2,647.89 x 10'-0" opening B20302203450 Door, steel 18 gauge, hollow metal, 1 door with frame, no label, 3'-0" $0.85 $2,031.44 x 7'-0" opening B3010 Roof Coverings $2.74 $6,569.14 B30101401100 Asphalt roofing, strip shingles, inorganic, Class A, 4" slope, 210-235 $2.18 $5,221.66 I bs/SQ B30106100200 Gutters, box, aluminum, .032" thick, 5", enameled finish $0.45 $1,068.44 B30106200200 Downspout, aluminum, rectangular, 2" x 3", enameled, .024" thick $0.12 $279.04 Interiors C1010 Partitions $4.33 $10,389.69 C10101241200 Wood partition, 5/8"fire rated gypsum board face, none base,2 x 4,@ $1.77 $4,256.95 16" OC framing,same opposite face, 0 insul C10101241425 Wood partition, 5/8" fire rated gypsum board face, 1/4"sound $1.31 $3,136.86 deadening gypsum board, 2x4 @ 16" OC framing, same opposite face, sound attenuation insul C10101280700 Gypsum board, 1 face only, exterior sheathing, fire resistant, 5/8" $0.76 $1,814.99 C10101280960 Add for the following: taping and finishing $0.49 $1,180.89 C1020 Interior Doors $3.93 $9,439.95 C10201022600 Door, single leaf, kd steel frame, hollow metal, commercial quality, $3.93 $9,439.95 flush, 3'-0" x 7'-0" x 1-3/8" C1030 Fittings $0.40 $948.46 C10301100420 Toilet partitions, cubicles, ceiling hung, plastic laminate $0.40 $948.46 C3010 Wall Finishes $1.58 $3,782.99 C30102300140 Painting, interior on plaster and drywall, walls & ceilings, roller work, $0.67 $1,617.16 primer & 2 coats C30102300140 Painting, interior on plaster and drywall, walls & ceilings, roller work, $0.90 $2,165.83 primer & 2 coats C3020 Floor Finishes $5.26 $12,612.43 C30204100080 Carpet tile, nylon, fusion bonded, 18" x 18" or 24" x 24", 35 oz $3.15 $7,563.40 C30204101600 Vinyl, composition tile, maximum $0.91 $2,189.16 C30204101720 Tile, ceramic natural clay $1.19 $2,859.87 C3030 Ceiling Finishes $6.45 $15,486.82 C30302106000 Acoustic ceilings, 3/4" fiberglass board, 24" x 48" tile, tee grid, $6.45 $15,486.82 suspended support D1010 Elevators and Lifts $31.02 $74,449.60 * D10101102200 Hydraulic, passenger elevator, 3000 lb, 2 floors, 100 FPM $31.02 $74,449.60 D2010 Plumbing Fixtures $3.10 $7,437.63 Main and Gates TIF Analysis Replacement Cost Report LHB Project No. 190549.01 Page 2 of 3 406 Main St NW - Commercial Building D20101102080 Water closet, vitreous china, bowl only with flush valve, wall hung $1.48 $3,548.21 D20102102000 Urinal, vitreous china, wall hung $0.20 $476.71 D20103101560 Lavatory w/trim, vanity top, PE on Cl, 20" x 18" $0.56 $1,342.95 D20104404340 Service sink w/trim, PE on Cl,wall hung w/rim guard, 24" x 20" $0.54 $1,304.78 D20108202080 Water cooler, electric, floor mounted, dual height, 14.3 GPH $0.32 $764.98 D2020 Domestic Water Distribution $1.71 $4,098.65 D20202501860 Gas fired water heater, commercial, 100< F rise, 100 MBH input, 91 $1.71 $4,098.65 GPH D3050 Terminal & Package Units $21.92 $52,613.28 D30501553840 Rooftop, multizone, air conditioner, offices, 10,000 SF, 31.66 ton $21.92 $52,613.28 D4010 Sprinklers $3.63 $8,700.86 D40104100620 Wet pipe sprinkler systems, steel, light hazard, 1 floor, 10,000 SF $3.63 $8,700.86 D4020 Standpipes $1.60 $3,836.25 D40203101540 Wet standpipe risers, class III, steel, black, sch 40, 4" diam pipe, 1 $1.60 $3,836.25 floor D5010 Electrical Service/Distribution $14.81 $35,540.16 D50101200320 Overhead service installation, includes breakers, metering, 20' $3.08 $7,401.88 conduit & wire, 3 phase, 4 wire, 120/208 V, 400 A D50102300320 Feeder installation 600 V, including RGS conduit and XHHW wire, 400 $4.00 $9,602.00 A D50102400240 Switchgear installation, incl switchboard, panels & circuit breaker, $7.72 $18,536.28 120/208 V, 3 phase, 600 A D5020 Lighting and Branch Wiring $14.46 $34,694.01 D50201100640 Receptacles incl plate, box, conduit, wire, 16.5 per 1000 SF, 2.0 W $4.99 $11,965.06 per SF, with transformer D50201350320 Miscellaneous power, 1.2 watts $0.34 $827.95 D50201400280 Central air conditioning power, 4 watts $0.62 $1,489.54 D50201452080 Motor installation, three phase, 460 V, 15 HP motor size $2.17 $5,204.96 D50202100520 Fluorescent fixtures recess mounted in ceiling, 1.6 watt per SF, 40 FC, $6.34 $15,206.50 10 fixtures @32watt per 1000 SF D5030 Communications and Security $7.55 $18,126.52 D50303101020 Telephone wiring for offices & laboratories, 8 jacks/MSF $1.69 $4,055.33 D50309100452 Communication and alarm systems, fire detection, addressable, 25 $3.11 $7,452.03 detectors, includes outlets, boxes, conduit and wire D50309100460 Fire alarm command center, addressable without voice, excl. wire & $0.93 $2,231.73 conduit D50309200110 Internet wiring, 8 data/voice outlets per 1000 S.F. $1.83 $4,387.43 Equipment & Furnishings E1090 Other Equipment $0.00 $0.00 Special Construction Building Sitework SubTotal 100% $225.40 $540,965.55 Contractor Fees (General Conditions,Overhead,Profit) 15.0 % $33.81 $81,144.83 Architectural Fees 0.0 % $0.00 $0.00 User Fees 0.0 % $0.00 $0.00 . � -NRWXT I : . Main and Gates TIF Analysis Replacement Cost Report LHB Project No. 190549.01 Page 3 of 3 406 Main St NW - Commercial Building Main and Gates TIF Analysis Code Deficiency Cost Report Parcel H - 406 Main St NW, Elk River, MN 55330 - PID 75-401-0150 Accessibility Items Parking Create code required accessible parking Accessible Route Create a code required accessible route into the building Create a code required accessible route to all levels of the building Restroom Create a code required accessible restroom Transaction Counter Install a code required accessible transaction counter Staff Breakroom Modify breakroom to comply with accessibility code Structural Elements Exiting Glass Door Install code required 10-inch kick plates on glass door Thresholds Modify thresholds to comply with code for maximum height Door Hardware Install code compliant door hardware Stairway Modify basement stairway to comply with code Floor Tile Repair/replace damaged floor tile to comply with code for an unimpeded means of egress Fire Protection Smoke Detectors Install code compliant smoke detectors Emergency Lighting Install code compliant emergency lighting Emergency Notification System Install code required emergency notification system Building Sprinkler System Install code required building sprinkler system $ 100.00 EA 1 $ 100.00 $ 500.00 Lump 1 $ 500.00 $ 31.02 SF 2,400 $ 74,448.00 $ 2.24 SF 2,400 $ 5,376.00 $ 500.00 Lump 1 $ 500.00 $ 500.00 Lump 1 $ 500.00 $ 100.00 EA 2 $ 200.00 $ 200.00 Lump 1 $ 200.00 $ 250.00 EA 10 $ 2,500.00 $ 0.95 SF 2,400 $ 2,280.00 $ 100.00 Lump 1 $ 100.00 $ 3.11 SF 2,400 $ 7,464.00 $ 1.00 SF 2,400 $ 2,400.00 $ 0.93 SF 2,400 $ 2,232.00 $ 5.23 SF 2,400 $ 12,552.00 Main and Gates TIF Analysis Code Deficiency Cost Report LHB Project No. 190549.01 Page 1 of 2 406 Main St NW — Commercial Building Exterior Construction Roof Construction Mechanical- Electrical Mechanical Install code compliant HVAC system Electrical Install code compliant electrical wiring Install code required GFCI's in restrooms $ 21.92 SF 2,400 $ 52,608.00 $ 4.99 SF 2,400 $ 11,976.00 $ 150.00 EA 2 $ 300.00 Total Code Improvements $ 176,236 Main and Gates TIF Analysis Code Deficiency Cost Report LHB Project No. 190549.01 Page 2 of 2 406 Main St NW — Commercial Building Main and Gates TIF Analysis Photos: 406 Main St NW - Commerc 20200508_101352.jpg 20200508_101440.jpg 20200508_101501.jpg 20200508_101416.jpg 20200508_101442.jpg 20200508_101506.jpg 20200508_101425.jpg 20200508_101455.jpg 20200508_101530.jpg 20200508_101544.jpg 20200508_101546.jpg Page 1 of 4 20200508_101557.jpg Main and Gates TIF Analysis Photos: 406 Main St NW - Commercial Building main," -do\ 20200508_101603.jpg I 4 20200508_101626.jpg 20200508_101700.jpg 20200508_101608.jpg 20200508_101632.jpg 20200508_101703(0).jpg 20200508_101614.jpg r- 42,10 20200508_101647.jpg 20200508_101703.jpg 20200508_101711.jpg 20200508_101722.jpg Page 2 of 4 20200508_101734.jpg Main and Gates TIF Analysis Photos: 406 Main St NW - Commercial Building 20200508_101744.jpg ILAiAi 20200508_101805.jpg R' 20200508_101914.jpg i 20200508_101748.jpg M 20200508_101808.jpg 20200508_101926.jpg 20200508_101759.jpg 20200508_101826.jpg 20200508_101935.jpg 11" Iw 20200508_101948.jpg 20200508_101951.jpg Page 3 of 4 20200508_102002.jpg Main and Gates TIF Analysis Photos: 406 Main St NW - Commerc' 20200508_102014.jpg 20200508_102042.jpg 10, 20200508_102124.jpg 20200508_102020.jpg 20200508_102050.jpg 20200508_102129.jpg VAAL ■ 1 20200508_102028.jpg i aria y k 1 20200508_102113.jpg 20200508_102245.jpg 20200508_102250.jpg Page 4 of 4 HOUSING AND REDEVELOPMENT AUTHORITY IN AND FOR THE CITY OF ELK RIVER, MINNESOTA SHERBURNE COUNTY STATE OF MINNESOTA RESOLUTION NO. RESOLUTION FINDING PARCEL IS OCCUPIED BY STRUCTURALLY SUBSTANDARD BUILDINGS WHEREAS, it has been proposed that the City of Elk River, Minnesota, (the "City") or the Housing and Redevelopment Authority in and for the City of Elk River, Minnesota (the "HRA"), create one or more tax increment financing districts within the City to be designated as redevelopment districts or renewal and renovation districts as defined in Minnesota Statutes, Section 469.174, Subd. 10 and Subd. 10a (the "TIF District"); and WHEREAS, in order to create this type of TIF District, the City and the HRA must make a determination that before the demolition or removal of any substandard building, certain conditions existed; and WHEREAS, under Minnesota Statutes, Section 469.174, Subd. 10(d), the City and the HRA are authorized to deem parcels as occupied by structurally substandard buildings despite prior demolition or removal of the buildings, subject to certain terms and conditions as described in this resolution; and WHEREAS, in order to deem a parcel as being occupied by a structurally substandard building, the City or the HRA must first pass a resolution before the demolition or removal that the parcel was occupied by one or more structurally substandard buildings and that after demolition and clearance the City or the HRA intended to include the parcel within the proposed tax increment financing district; and WHEREAS, on October 7t", 2019, the Board of Commissioners of the HRA and the City Council of the City adopted resolutions designating certain buildings within the City as substandard prior to being demolished or removed in anticipation of creating a future redevelopment or renewal and renovation tax increment financing district based on the "TIF Analysis Findings for 326 Gates Ave NW, 414, 426 and 430 Main Street NW", dated September 6, 2019 completed by LHB, Inc. ("LHB"); and WHEREAS, subsequently LHB amended its report to include additional parcels; and WHEREAS, there exists in the City on the additional parcel described in Exhibit A attached hereto (the "Parcel') one structurally substandard building to be demolished or removed (the "Substandard Building Condition"); and WHEREAS, a parcel is deemed to be occupied by a structurally substandard building if the Substandard Building Condition is met within three years of the filing of the request for certification of the parcel as part of the tax increment financing district with the county auditor, and if certain other conditions are met; and WHEREAS, the HRA intends to cause demolition of buildings located on the Parcel, and the City or the HRA may in the future include the Parcel in a redevelopment or renewal and renovation tax increment financing district; and NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners (the `Board") of the Housing and Redevelopment Authority in and for the City of Elk River, Minnesota that: I. The Board has received from LHB the "Report of Inspection Procedures and Results for Determining Qualifications of a Tax Increment Financing Redevelopment District Main and Gates Redevelopment TIF District, Elk River, Minnesota", dated June 1, 2020 (the "Inspection Report"), finding that, based on an inspection of the buildings located on the Parcel, such buildings were determined to be substandard under the definition set forth in the Minnesota Statutes, Sections 469.174 to 469.1794, as amended (the "TIF Act"). Based on the Inspection Report and other information available to the Board, the Board finds that the buildings on the Parcel are structurally substandard to a degree requiring substantial renovation or clearance and at least 15% of the area of the Parcel identified on Exhibit A attached hereto are occupied within the meaning of Minnesota Statutes, Section 469.174, Subd. 10. 2. After the date of approval of this resolution, the buildings on the Parcel may be demolished or removed by the City or the HRA, or such demolition or removal may be financed by the City and the HRA, or may be undertaken by a developer under a development agreement with the City or the HRA. 3. The City and the HRA intend to include the Parcel in a TIF District, and to file the request for certification of such district with the Sherburne County auditor within 3 years after the date of demolition of the buildings on the Parcel. 4. Upon filing the request for certification of a new tax increment financing district, the City or the HRA will notify the Sherburne County auditor that the original tax capacity of the Parcel must be adjusted to reflect the greater of (a) the current net tax capacity of the parcel, or (b) the estimated market value of the Parcel for the year in which the building was demolished or removed, but applying class rates for the current year, all in accordance with Minnesota Statutes, Section 469.174, Subd. 10(d). 5. City and HRA staff and consultants are authorized to take any actions necessary to carry out the intent of this resolution. 6. The HRA authorizes expenditure of available tax increments and other available funds to pay the costs of such demolition or removal, in such amounts as determined necessary for such purpose by the City's Finance Director. 7. On April 6, 2020, City Council of the City and the Board adopted amended interfund loan resolutions (collectively, the "Interfiuid Loan Resolution") authorizing the payment of certain costs by the HRA and the City, including the costs of demolition of the buildings on the Parcel, in an amount not to exceed the greater of $1,300,000 or the adopted and, if applicable, amended Tax Increment Financing Plan budget for the TIF District pursuant to Minnesota Statutes, Section 469.178, Subd. 7. Payments of principal of and interest on the Interf nid Loan (as defined in the Interfund Loan Resolution) shall be paid from Available Tax increment (as defined in the Interf nid Loan Resolution). This resolution supplements, but does not supersede, the Interfund Loan Resolution. Approved by the Board of Commissioners of the Housing and Redevelopment Authority in and for the City of Elk River, Minnesota this 6th day of July, 2020. EL 185\48\660695.v 1 Chair ATTEST: Secretary EL 185\48\660695.v 1 EXHIBIT A PARCEL IDENTIFICATION NUMBERS 75-401-0150 — 406 Main Street EL185\48\660695.v1 City of Elk River City of Elk River City Council Resolution 20- A Resolution of the City Council of the City of Elk River finding parcel is occupied by structurally substandard buildings. WHEREAS, it has been proposed that the City of Elk River, Minnesota, (the "City') or the Housing and Redevelopment Authority in and for the City of Elk River, Minnesota (the "HRA"), create one or more tax increment financing districts within the City to be designated as redevelopment districts or renewal and renovation districts as defined in Minnesota Statutes, Section 469.174, Subd. 10 and Subd. 10a (the "TIF District"); and WHEREAS, in order to create this type of TIF District, the City and the HRA must make a determination that before the demolition or removal of any substandard building, certain conditions existed; and WHEREAS, under Minnesota Statutes, Section 469.174, subd. 10(d), the City and the HRA are authorized to deem parcels as occupied by structurally substandard buildings despite prior demolition or removal of the buildings, subject to certain terms and conditions as described in this resolution; and WHEREAS, in order to deem a parcel as being occupied by a structurally substandard building, the City or the HRA must first pass a resolution before the demolition or removal that the parcel was occupied by one or more structurally substandard buildings and that after demolition and clearance the City or the HRA intended to include the parcel within the proposed tax increment financing district; and WHEREAS, on October 71h, 2019, the Board of Commissioners of the HRA and the City Council of the City adopted resolutions designating certain buildings within the City as substandard prior to being demolished or removed in anticipation of creating a future redevelopment or renewal and renovation tax increment financing district based on the "TIF Analysis Findings for 326 Gates Ave NW, 414, 426 and 430 Main Street NW", dated September 6, 2019 completed by LHB, Inc. ("LHB"); and WHEREAS, subsequently LHB amended its report to include additional parcels; and WHEREAS, there exists in the City on the additional parcel described in Exhibit A attached hereto (the "Parcel") one structurally substandard building to be demolished or removed (the "Substandard Building Condition"); and WHEREAS, a parcel is deemed to be occupied by a structurally substandard building if the Substandard Building Condition is met within three years of the filing of the request NATUREJ certification of the parcel as part of the tax increment financing district with the county auditor, and if certain other conditions are met; and WHEREAS, the HRA intends to cause demolition of buildings located on the Parcel, and the City or the HRA may in the future include the Parcel in a redevelopment or renewal and renovation tax increment financing district; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as follows: 1. The Council has received from LHB the "Report of Inspection Procedures and Results for Determining Qualifications of a Tax Increment Financing Redevelopment District Main and Gates Redevelopment TIF District, Elk River, Minnesota", dated June 1, 2020 (the "Inspection Report"), finding that, based on an inspection of the buildings located on the Parcel, such buildings were determined to be substandard under the definition set forth in the Minnesota Statutes, Sections 469.174 to 469.1794, as amended (the "TIF Act"). Based on the Inspection Report and other information available to the Board, the Board finds that the buildings on the Parcel are structurally substandard to a degree requiring substantial renovation or clearance and at least 15% of the area of the Parcel identified on Exhibit A attached hereto are occupied within the meaning of Minnesota Statutes, Section 469.174, Subd. 10. 2. After the date of approval of this resolution, the buildings on the Parcel may be demolished or removed by the City or the HRA, or such demolition or removal may be financed by the City and the HRA, or may be undertaken by a developer under a development agreement with the City or the HRA. 3. The City and the HRA intend to include the Parcel in a TIF District, and to file the request for certification of such district with the Sherburne County auditor within 3 years after the date of demolition of the buildings on the Parcel. 4. Upon filing the request for certification of a new tax increment financing district, the City or the HRA will notify the Sherburne County auditor that the original tax capacity of the Parcel must be adjusted to reflect the greater of (a) the current net tax capacity of the parcel, or (b) the estimated market value of the Parcel for the year in which the building was demolished or removed, but applying class rates for the current year, all in accordance with Minnesota Statutes, Section 469.174, subd. 10(d). 5. City and HRA staff and consultants are authorized to take any actions necessary to carry out the intent of this resolution. 6. The City authorizes expenditure of available tax increments and other available funds to pay the costs of such demolition or removal, in such amounts as determined necessary for such purpose by the City's Finance Director. 7. On April 6, 2020, the Council and the Board of Commissioners of the HRA adopted amended interfund loan resolutions (collectively, the "Interfund Loan Resolution") i authorizing the payment of certain costs by the HRA and the City, including the costs of demolition of the buildings on the Parcel, in an amount not to exceed the greater of $1,300,000 or the adopted and, if applicable, amended Tax Increment Financing Plan budget for the TIF District pursuant to Minnesota Statutes, Section 469.178, Subd. 7. Payments of principal of and interest on the Interfund Loan (as defined in the Interfund Loan Resolution) shall be paid from Available Tax increment (as defined in the Interfund Loan Resolution). This resolution supplements, but does not supersede, the Interfund Loan Resolution. Passed and adopted this 61h day of July 2020. John J. Dietz, Mayor ATTEST: Tina Allard, City Clerk EXHIBIT A PARCEL IDENTIFICATION NUMBERS 75-401-0150 — 406 Main Street