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Project Name: Burgundy 01/2016 <br />Cabarrus County Economic Development GrantAna/ysis <br />- O"f <br />CABARRUS <br />Note; Giants Subject to Cabarrus Economic Development Board <br />approval & governmental body appro val, <br />G -1 Page 194 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Year 5 <br />Total Assessed Value <br />$40,000,000.00 <br />$40,000,000.00 <br />$40,000,000.00 <br />$40,000,000.00 <br />$40,000,000.00 <br />County taxes at .70 <br />$ 280,000.00 <br />$ 280,000.00 <br />$ 280,000.00 <br />$ 280,000.00 <br />$ 280,000.00 <br />Grant @ 85 % <br />$ 238,000.00 <br />$ 238,000.00 <br />$ 238,000.00 <br />$ 238,000.00 <br />$ 238,000.00 <br />Net Taxes to County <br />$ 42,000.00 <br />$ 42,000.00 <br />$ 42,000.00 <br />$ 42,000.00 <br />$ 42,000.00 <br />This document is for calculation purposes only. The numbers computed <br />here are estimated based on general assumptions provided by the client, <br />the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br />A ctual grants may vary <br />5 year taxes <br />$1,400,000.00 <br />5 year grant <br />1 $1,190,000.00 <br />5 year net reven <br />$ 210,000.00 <br />Note; Giants Subject to Cabarrus Economic Development Board <br />approval & governmental body appro val, <br />G -1 Page 194 <br />