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Project Name: Secure -"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 $13,500,000.00 $13,500,000.00 $13,500,000.00 <br /> County taxes at .70 $ 94,500.00 $ 94,500.00 $ 94,500.00 <br /> Grant @ 85 % $ 80,325.00 $ 80,325.00 $ 80,325.00 <br /> Net Taxes to County $ 14,175.00 $ 14,175.00 $ 14,175.00 <br /> 3 year taxes $ 283,500.00 <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 $ 240,975.00 <br /> the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br /> Actual grants may vary 3 year net revenue $ 42,525.00 <br /> Note;Grants Subject to Cabarrus Economic Development Board <br /> approval&governmental body approval. <br /> G-1 Page 262 <br />