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I <br /> 1 <br /> • Report on Building Condition <br /> Building ID/Business Name/Address: Old Elk River Tradine Co.—Office Building 56-1 <br /> Satisfies Conditions Test for Structurally Substandard Building: Y <br /> ' Satisfies Code Test for Structurally Substandard Building: Y <br /> Structurally Substandard Building(Y/N): <br /> Conditions Test <br /> ' Under the tax increment law,specifically,Minnesota Statutes,Section 469.174,Subdivision 10,a building <br /> is structurally substandard if it contains"defects in structural elements or a combination of deficiencies <br /> in essential utilities and facilities,light and ventilation,fire protection including adequate egress,layout and <br /> ' condition of interior partitions,or similar factors,which defects or deficiencies are of sufficient total <br /> significance to justify substantial renovation or clearance." <br /> The above building,based upon actual interior and exterior inspection and review of building permit <br /> records,exhibits the following deficiencies that in our professional opinion contribute to justifying <br /> substantial renovation or clearance: <br /> ' Structural Elements <br /> • Defects in exterior building shell:various block settlement cracks present on south side <br /> foundation wall <br /> Essential Utilities&Facilities <br /> • Deficient in facilities for disabled:lack of designated disability parking available;lack of <br /> exterior accessible route at entrance;lack of accessible hardware at entrance;lack of <br /> accessible hardware at interior doors;lack of maneuvering clearance and accessible features <br /> ' in toilet room;lack of accessible features at employee break room area <br /> • Toilet fixtures lack adjacent non-absorbing floor and wall surfaces <br /> Light&Ventilation <br /> • Deficient in meeting Mechanical code: for building construction prior to 1989,mechanical <br /> ' systems do not provide sufficient number of air exchanges <br /> Fire Protection/Egress <br /> • Deficient exterior door:insufficient door landing area <br /> ' Similar Factors <br /> • Defects in exterior building shell: wood siding badly weathered on south side <br /> Code Test <br /> Notwithstanding the foregoing,the tax increment law also provides that a building may not be considered <br /> structurally substandard if it is in compliance with the building code applicable to new buildings or could <br /> be modified to satisfy the current building code at a cost of less than 15%of the cost of constructing a new <br /> building of the same square footage and type on the same site. <br /> Estimated cost of new building of same size and type(Total Replacement Cost): $96,812.93 <br /> ' Estimated cost of correction of code deficiencies(Total Deficiency Cost): $26,079.36 <br /> Percentage of Code Deficiency to Replacement Cost: 26.94% <br /> Refer to Individual Building Summary Report for documentation of specific code deficiencies. <br /> • <br />