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Statutorily required report to <br />determine if the site qualifies for TIF <br />Assesses whether the existing site <br />conditions meet the qualifications for a <br />“Redevelopment District” <br />Findings: <br />•Proposed TIF District has a coverage <br />calculation of 88.2% which is above the 70% <br />requirement <br />•60% of the buildings are structurally <br />substandard which is above the 50% <br />requirement <br />•The substandard buildings are reasonably <br />distributed to support the proposed district <br />boundaries <br />LHB SITE INSPECTION REPORT