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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />September 6, 2019 <br /> <br /> <br /> <br /> <br />Amanda Othoudt, Economic Development Director <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, Minnesota 55330 <br /> <br /> <br />TIF ANALYSIS FINDINGS FOR 326 GATES AVE NW, 414, 426 AND 430 MAIN ST NW <br /> <br />LHB was hired to inspect three residential buildings at 326 Gates Avenue Northwest, 414, and 426, <br />Main Street Northwest and a former office at 430 Main Street Northwest in Elk River, Minnesota, in <br />order to determine if they meet the definition of “Substandard” as defined by Minnesota Statutes, <br />Section 469.174, subdivision 10. The building parcels may potentially be part of a future <br />Redevelopment TIF District, so will need to be compliant with all of the statutes pertaining to a <br />Redevelopment District. <br /> <br />The parcels are bounded by 3rd Street Northwest, Gates Avenue Northwest and Main Street <br />Northwest (see Diagram 1). <br /> <br />Diagram 1