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Main and Gates TIF Analysis <br />Building Code, Condition Deficiency and Context Analysis Report <br />Building Name: Residence <br />Address: 414 Main St NW, Elk River, MN 55330 <br />Parcel ID: 75-401-0145 <br />Inspection Date(s) & Time(s): August 14, 2019 9:40 am <br />Inspection Type: Interior and Exterior <br />Summary of Deficiencies: It is our professional opinion that this building is Substandard <br />because: <br />- Substantial renovation is required to correct Conditions found. <br />- Building Code deficiencies total more than 15% of <br />replacement cost, NOT including energy code deficiencies. <br />Estimated Replacement Cost: <br />Estimated Cost to Correct Building Code Deficiencies: <br />Percentage of Replacement Cost for Building Code Deficiencies: <br />Defects in Structural Elements <br />1. None observed. <br />Combination of Deficiencies <br />1. Essential Utilities and Facilities <br />a. None observed. <br />2. Light and Ventilation <br />a. The HVAC system does not comply with code. <br />Fire Protection/Adequate Egress <br />a. Front entrance stairs do not comply with code. <br />b. There are no code -compliant smoke detectors in the building <br />c. There are no code -required Arc Fault Circuit Interrupters in the building. <br />d. There are no code -required carbon monoxide detectors in the building. <br />e. Interior stairways do not comply with code. <br />4. Layout and Condition of Interior Partitions/Materials <br />a. Interior surfaces should be repainted/refinished. <br />b. Ceiling tile is stained and should be replaced. <br />c. Wood floors should be refinished. <br />d. Glass windows are cracked and should be replaced. <br />e. Plaster ceilings are cracked/damaged and should be repaired/repainted. <br />f. Basement floor to ceiling height does not comply with code. <br />$163,564 <br />$47,651 <br />29.13% <br />Main and Gates TIF Analysis Page 1 of 2 Building Report <br />LHB Project No. 190549 414 Main St NW - Residence <br />