Laserfiche WebLink
<br /> !C(,l ., <br /> 8 Minnesot.1 Solutions <br /> I <br /> What is a Soils Condition District? .. <br /> Qualifvina: Parcels containing hazardous substances. pollution or contaminants which require I <br /> removal or remediai action for use and the estimated cost of the removal and remedial action <br /> exceeds the fair market value of the land before completion of the preparation; OR the estimated I <br /> cost of costs of the removal/remedial action exceeds $2 per square foot. <br /> Tax Increment Financina Exoenditures: I <br /> . land acquisition <br /> . cost of removal or remedial action <br /> . administrative expenses, including preparation of I <br /> the development action response plan <br /> Duration: 20 years after receipt of first tax increment I <br /> Pooling: 20%, administrative costs must come under the pooling cap <br /> LGA/HACA Election: 5% I <br /> Fiscal Dlsoarities Contribution: can be made from within the tax increment financing district or .. <br /> from the entire city <br /> Indexing of Original Tax Caoacitv: does not apply I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> .. <br /> November 19, 1997 I <br />