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Project Name: Earhart <br />Cabarrus County Economic Development GrantAna/ysis <br />- " I f <br />CABARRUS <br />Note; Grants Subject to Cabarrus Economic Development Board <br />appro val & governmental body appro val, <br />G -1 Page 263 <br />Year 1 <br />Year 2 <br />Year 3 <br />Total Assessed Value <br />$2,500,000.00 <br />$2,500,000.00 <br />$2,500,000.00 <br />County taxes at .70 <br />$ 17,500.00 <br />$ 17,500.00 <br />$ 17,500.00 <br />Grant @ 85 % <br />$ 14,875.00 <br />$ 14,875.00 <br />$ 14,875.00 <br />Net Taxes to County <br />$ 2,625.00 <br />$ 2,625.00 <br />$ 2,625.00 <br />This document is for calculation purposes only. The numbers computed <br />here are estimated based on general assumptions pro vided by the client, <br />the Cabarrus County Tax office and the North Carolina Dept of Revenue. <br />Actuaigrants may vary <br />3 year taxes <br />$ 52,500.00 <br />3 year grant <br />$ 44,625.00 <br />3 year net revenue <br />$ 7,875.00 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />appro val & governmental body appro val, <br />G -1 Page 263 <br />