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Project Name: Hercules II - $35M -."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 $35,000,000.00 $35,000,000.00 $35,000,000.00 <br /> County taxes at .70 $ 245,000.00 $ 245,000.00 $ 245,000.00 <br /> Grant @ 85 % $ 208,250.00 $ 208,250.00 $ 208,250.00 <br /> Net Taxes to County $ 36,750.00 $ 36,750.00 $ 36,750.00 <br /> 3 year taxes $ 735,000.00 <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 $ 624,750.00 <br /> the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br /> Actual grants may vary 3 year net revenue $ 110,250.00 <br /> Note;Grants Subject to Cabarrus Economic Development Board <br /> approval&governmental body approval. <br /> G-1 Page 317 <br />