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AG 2017 02 20
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AG 2017 02 20
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Last modified
2/22/2017 11:54:50 AM
Creation date
11/27/2017 10:27:23 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
2/20/2017
Board
Board of Commissioners
Meeting Type
Regular
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Cabarrus County Economic Development Grant Analysis C A B A R R U S <br /> Project; Pinecone <br /> Year 1 Year 2 Year 3 Year 4 Year 5 <br /> Total Assessed Value $109,000,000.00 $109,000,000.00 $109,000,000.00 $109,000,000.00 $109,000,000.00 <br /> County taxes at .70 $ 763,000.00 $ 763,000.00 $ 763,000.00 $ 763,000.00 $ 763,000.00 <br /> Grant @ 85 % $ 648,550.00 $ 648,550.00 $ 648,550.00 1 $ 648,550.00 $ 648,550.00 <br /> Net Taxes to County $ 114,450.00 $ 114,450.00 $ 114,450.00 $ 114,450.00 $ 114,450.00 <br /> 5 year taxes $ 3,815,000.00 <br /> This document is for calculation purposes only. The numbers computed <br /> here are estimated based on general assumptions provided by the client, 5 year grant $ 3,242,750.00 <br /> the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br /> Actual grants may vary 5 yr. net revenue $ 572,250.00 <br /> Note;Grants Subject to Cabarrus Economic Development Board <br /> approval&governmental body approval. <br /> G-2 Page 234 <br />
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