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AG 2017 01 17
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AG 2017 01 17
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Last modified
1/20/2017 11:55:41 AM
Creation date
11/27/2017 10:27:07 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
1/17/2017
Board
Board of Commissioners
Meeting Type
Regular
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Project Name: Fall -"f <br /> Cabarrus County Economic Development Grant Analysis C A B A R R U S <br /> Year 1 Year 2 Year 3 <br /> Total Assessed Value $10,000,000.00 $10,000,000.00 $10,000,000.00 <br /> County taxes at .70 $ 70,000.00 $ 70,000.00 $ 70,000.00 <br /> Grant @ 85 % $ 59,500.00 $ 59,500.00 $ 59,500.00 <br /> Net Taxes to County $ 10,500.00 $ 10,500.00 $ 10,500.00 <br /> 3 year taxes $ 210,000.00 <br /> This document is for calculation purposes only. The numbers computed <br /> here are estimated based on general assumptions provided by the client, 3 year grant $ 178,500.00 <br /> the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br /> Actual grants may vary 3 year net revenue $ 31,500.00 <br /> Note;Grants Subject to Cabarrus Economic Development Board <br /> approval&governmental body approval. <br /> G-1 Page 215 <br />
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