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CABARRUS <br /> ECONOMIC DEVELOPMENT <br /> PROJECT HERCULES OVERVIEW (estimated) <br /> Company's Legal Name: TPA Group (Developer) <br /> Project Overview: <br /> TPA Group is considering construction of a 1M SF industrial spec building. They currently have multiple <br /> potential tenants interested in the site, but one preferred tenant. The estimated real property <br /> investment is $50,000,000. <br /> Proposed New or Additional Cabarrus facility: <br /> Proposed Location: 6501 Macedonia Church Road, Kannapolis (located at Hwy 73 & Macedonia <br /> Church Road; PIN #4691795791) <br /> Square Feet: 1,000,000 SF <br /> Investment: $50,000,000 (real property) <br /> New Job Creation: (Preferred Tenant; no jobs associated with TPA Group's development) <br /> Number of New Full Time Jobs: 600+ FT <br /> Infrastructure Improvements: <br /> Estimated at $8M + <br /> Improvements to include: <br /> • $4.9M in offsite, public road improvements <br /> • $4M in onsite improvements <br /> Grant Calculations: <br /> County: $50 M, 5 year grant term: $1,487,500 <br /> Kannapolis: $50 M, 5 year grant term: $1,338,750 <br /> Combined: $50 M, 5 year grant term: $2,826,250 <br /> G-1 Page 158 <br />