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WHAT IS A MINED UNDERGROUND SPACE DEVELOPMENT DISTRICT? <br /> 411 <br /> A. Qualifying <br /> parcels to be developed or redeveloped for mined underground <br /> space <br /> B . TIF Expenditures <br /> - costs of excavating and supporting the space <br /> - providing public access to mined underground space <br /> including roadways, <br /> - installing utilities including fire sprinkler systems <br /> C. Duration <br /> 25 years from receipt of the first tax increment <br /> D. Pooling - 20% <br /> E. LGA/HACA Election - 5 . 0% <br /> 411 <br /> CASSERLY MOLZAHN & ASSOCIATES, INC. 6/10/96 <br />