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I <br /> • Report on Building Condition <br /> IBuilding 1D/Business Name/Address: Old Elk River Trading Co.—Commercial 56-2 <br /> Building <br /> I Satisfies Conditions Test for Structurally Substandard Building: Y <br /> Satisfies Code Test for Structurally Substandard Building: Y <br /> IStructurally Substandard Building(Y/N): Y <br /> Conditions Test <br /> I 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 /> I condition of interior partitions,or similar factors,which defects or deficiencies are of sufficient total <br /> significance to justify substantial renovation or clearance." <br /> I 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 /> I Structural Elements <br /> • Defects in exterior building shell: stucco finish in generally poor condition—various vertical <br /> and horizontal cracks—due to building settlement <br /> Essential Utilities&Facilities <br /> • Deficient in facilities for disabled:lack of designated disability parking available;lack of <br /> accessible hardware at interior doors;lack of maneuvering clearance and accessible features <br /> at toilet room <br /> 1 • Toilet fixture lack adjacent non-absorbent wall surface <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 /> I • Toilet room not provided with means of natural or mechanical ventilation <br /> Fire Protection/Egress <br /> • Additional egress stairway required from lower level due to building occupancy <br /> I • Deficient exterior door:insufficient egress door clear width;deficient threshold height; <br /> insufficient door landing area <br /> • Deficient interior stairway deficient handrail height,terminations,and extensions <br /> Similar Factors <br /> I • Defects in exterior building shell:brick masonry spalling at top of chimney,wood trim at roof <br /> eave damaged or missing—no longer weather tight <br /> I 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 /> Ibuilding 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): $95,287.80 <br /> I Estimated cost of correction of code deficiencies(Total Deficiency Cost): $33,139.40 <br /> Percentage of Code Deficiency to Replacement Cost: 34.78% <br /> • <br /> Refer to Individual Building Summary Report for documentation of specific code deficiencies. <br />