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Saint Anthony Village Lowry Grove Redevelopment TIF District <br />LHB Project No. 170752 Page 7 of 11 Final Report <br />Diagram 2 – Coverage Diagram <br />Shaded area depicts a parcel more than 15 percent occupied by buildings, streets, utilities, <br />paved or gravel parking lots or other similar structures <br /> <br /> <br /> <br />B. CONDITION OF BUILDING TEST <br /> <br />1. BUILDING INSPECTION <br />The first step in the evaluation process is the building inspection. After an initial walk- <br />thru, the inspector makes a judgment whether or not a building “appears” to have enough <br />defects or deficiencies of sufficient total significance to justify substantial renovation or <br />clearance. If it does, the inspector documents with notes and photographs code and non- <br />code deficiencies in the building. <br /> <br />2. REPLACEMENT COST <br />The second step in evaluating a building to determine if it is substandard to a degree <br />requiring substantial renovation or clearance is to determine its replacement cost. This is <br />32