Laserfiche WebLink
06/15/00 15:50 FAX 6512233002 SPRINGSTED INC. 0 <br /> - 119 <br /> The Findings <br /> More than 50% of the buildings are found structurally substandard due to a combination <br /> of defects that are of sufficient total significance,to justify.substantial renovation or <br /> clearance and qualifies the buildings'as eligible under the statutory criteria and formula <br /> for Tax Increment Financing District Funding. <br /> Example of a Typical Calculation would estimate$75 dollars per square foot for <br /> commercial/retail food service use replacement cost times 15 % equaled the formula <br /> threshold and when the cost of necessary renovation exceeded the amount of the 15% <br /> cost of replacement the calculation concluded thereby qualified the building as <br /> structurally substandard in accordance with Laws of Minnesota. <br /> Cc Springsted Corp. <br /> • <br /> • <br />