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Silverman Group CABP Phase 3 - Building 1 (modification) w
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<br /> Cabarrus County Economic Development Grant Analysis Cabarrus
<br /> Economic Development
<br /> Year 1 Year 2 Year 3
<br /> Total Assessed Value $13,000,000.00 $13,000,000.00 $13,000,000.00
<br /> County taxes at .70 $ 91,000.00 $ 91,000.00 $ 91,000.00
<br /> Grant @ 85 % $ 77,350.00 $ 77,350.00 $ 77,350.00
<br /> Net Taxes to County $ 13,650.00 $ 13,650.00 $ 13,650.00
<br /> 3 year taxes $ 273,000.00
<br /> 3 year grant $ 232,050.00
<br /> 3 year net revenue $ 40,950.00
<br /> Silverman Group CABP Phase 3 - Building 2
<br /> Cabarrus County Economic Development Grant Analysis
<br /> Year 1 Year 2 Year 3
<br /> Total Assessed Value $8,000,000.00 $8,000,000.00 $8,000,000.00
<br /> Coun taxes at.70 $ 56,000.00 $ 56,000.00 $ 56,000.00
<br /> Grant @ 85 % $ 47,600.00 $ 47,600.00 $ 47,600.00
<br /> Net Taxes to County $ 8,400.00 $ 8,400.00 $ 8,400.00
<br /> 3 year taxes $ 168,000.00
<br /> 3 year grant $ 142,800.00
<br /> 3 year net revenue $ 25,200.00
<br /> Silverman Group CABP Phase 3 - Building 4
<br /> Cabarrus County Economic Development Grant Analysis
<br /> Year 1 Year 2 Year 3
<br /> Total Assessed Value $14,000,000.00 $14,000,000.00 $14,000,000.00
<br /> County taxes at.70 $ 98,000.00 $ 98,000.00 $ 98,000.00
<br /> Grant @ 85 % $ 83,300.00 $ 83,300.00 $ 83,300.00
<br /> Net Taxes to County $ 14,700.00 $ 14,700.00 $ 14,700.00
<br /> 3 year taxes $ 294,000.00
<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 $ 249,900.00
<br /> the Cabarrus County Tax office and the North Carolina Dept of Revenue.
<br /> Actual grants may vary 3 year net revenue $ 44,100.00
<br /> Note;Grants Subject to Cabarrus Economic Development Board
<br /> approval&governmental body approval.
<br /> G-2 Page 264
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