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Project Name: Project Silver <br />Cabarrus County Economic Development GrantAna/ysis <br />-4 "f <br />CABARRUS <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval, <br />G -1 Page 206 <br />Year 1 <br />Year 2 <br />Year 3 <br />Total Assessed Value <br />$17,000,000.00 <br />$17,000,000.00 <br />$17,000,000.00 <br />County taxes at .70 <br />$ 119,000.00 <br />$ 119,000.00 <br />$ 119,000.00 <br />Grant @ 85 % <br />$ 101,150.00 <br />$ 101,150.00 <br />$ 101,150.00 <br />Net Taxes to County <br />$ 17,850.00 <br />$ 17,850.00 <br />$ 17,850.00 <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 />Actualgrants may vary <br />3 year taxes <br />$ 357,000.00 <br />3 year grant <br />$ 303,450.00 <br />3 year net revenue <br />$ 53,550.00 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval, <br />G -1 Page 206 <br />