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Project Name: G2 Hybrid REVISED (Phase I &II) .
<br /> Cabarrus County Economic Development Grant Analysis C A B A R R U S
<br /> E«N0M C o
<br /> Year 1 Year 2 Year 3 Year 4 Year 5
<br /> Total Assessed Value $77,400,000.00 $77,400,000.00 $77,400,000.00 $77,400,000.00 $77,400,000.00
<br /> County taxes at.70 $ 541,800.00 $ 541,800.00 $ 541,800.00 $ 541,800.00 $ 541,800.00
<br /> Grant @ 85% 1-3,75%4,65%5 $ 460,530.00 $ 460,530.00 $ 460,530.00 $ 406,350.00 $ 352,170.00
<br /> Net Taxes to County $ 81,270.00 $ 81,270.00 $ 81,270.00 $ 135,450.00 $ 189,630.00
<br /> 5 year taxes $ 2,709,000.00
<br /> 5 year grant $ 2,140,110.00
<br /> 5 yr. net revenue $ 568,890.00
<br /> Project Name: G2 Hybrid REVISED (Phase III)
<br /> Cabarrus County Economic Development Grant Analysis
<br /> Year 1 Year 2 Year 3 Year 4 Year 5
<br /> Total Assessed Value $148,950,000.00 $148,950,000.00 $148,950,000.00 $148,950,000.00 $148,950,000.00
<br /> County taxes at.70 $ 1,042,650.00 $ 1,042,650.00 $ 1,042,650.00 $ 1,042,650.00 $ 1,042,650.00
<br /> Grant @ 85 0/6 1-3, 75%4,65%5 1 $ 886,252.50 $ 886,252.50 $ 886,252.50 $ 781,987.50 $ 677,722.50
<br /> Net Taxes to County $ 156,397.50 $ 156,397.50 $ 156,397.50 $ 260,662.50 $ 364,927.50
<br /> 5 year taxes $ 5,213,250.00
<br /> This document is for calculation purposes only. The numbers computed
<br /> here are estimated based on general assumptions provided by the client, 5 year grant $ 4,118,467.50
<br /> the Cabarrus County Tax office and the North Carolina Dept of Revenue.
<br /> Actualgrants may vary 5 yr. net revenue $ 1,094,782.50
<br /> Note;Grants Subject to Cabarrus Economic Development Board
<br /> approval&governmental body approvaL
<br /> TOTAL INVESTMENT $251,500,000
<br /> TOTAL TAXABLE INVESTMENT $226,350,000
<br /> TOTAL GRANT ALL PHASES $6,258,577.50
<br /> G-1 Page 232
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