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Project Hornet <br />- qf <br />Cabarrus County Economic Development Grant Analysis C A B A R R U S <br />Note; Grants Subject to Cabarrus Economic Development Board <br />appro val & governmental body appro val, <br />G -1 Page 188 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Total Assessed Value <br />$2,750,000.00 <br />$2,750,000.00 <br />$2,750,000.00 <br />$2,750,000.00 <br />County taxes at .70 <br />$ 19,250.00 <br />$ 19,250.00 <br />$ 19,250.00 <br />$ 19,250.00 <br />Grant @ 85 % <br />$ 16,362.50 <br />$ 16,362.50 <br />$ 16,362.50 <br />Net Taxes to County <br />$ 2,887.50 <br />$ 2,887.50 <br />$ 2,887.50 <br />$ 19,250.00 <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 />$ 57,750.00 <br />3 year grant <br />$ 49,087.50 <br />3 yr. net revenue <br />$ 8,662.50 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />appro val & governmental body appro val, <br />G -1 Page 188 <br />