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<br /> I /1/'7 <br /> TlF .Talk 9 <br /> I <br /> ,. What is a Hazardous Substance Sub-District? <br /> I Qualifying: parcels for which there is a state-approved development acticn response plan and <br /> for which an agreement has been entered into for removal actions or remedial actions. <br /> I Tax Increment Financing Expenditures: <br /> . removal or remedial actions due to hazardous substance, <br /> I pollutants, contaminants or petroleum releases <br /> . pollution testing <br /> . demolition <br /> I . soil compaction correction <br /> . administrative and legal costs <br /> . peA review and approval of the development response action plan <br /> I Duration: 25 years from commencement of the extended period or the time necessary to <br /> recover the costs of removallremedial actions <br /> I Poolina: 20%, administrative costs must come under the pooling cap <br /> Ie LGA/HACA Election: 5%; 0% if qualified <br /> Fiscal Disoarities Contribution: can be made from within the tax increment financing district or <br /> I from the entire city <br /> Indexing of Orlainal Tax CaDacity: does not apply <br /> I <br /> I <br /> I <br /> I <br /> I <br /> I <br /> .- <br /> I November 19, 1997 <br />