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Project Name: Laser -"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 $1,500,000.00 $1,500,000.00 $1,500,000.00 <br /> County taxes at .70 $ 10,500.00 $ 10,500.00 $ 10,500.00 <br /> Grant @ 85 % $ 8,925.00 $ 8,925.00 $ 8,925.00 <br /> Net Taxes to County $ 1,575.00 $ 1,575.00 $ 1,575.00 <br /> 3 year taxes $ 31,500.00 <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 $ 26,775.00 <br /> the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br /> Actual grants may vary 3 year net revenue $ 4,725.00 <br /> Note;Grants Subject to Cabarrus Economic Development Board <br /> approval&governmental body approval. <br /> G-2 Page 161 <br />