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Project Roy - 5 Year Grant <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 162 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Year 5 <br />Total Assessed Value <br />$12,500,000.00 <br />$12,500,000.00 <br />$12,500,000.00 <br />$12,500,000.00 <br />$12,500,000.00 <br />County taxes at .70 <br />$ 87, 500.00 <br />$ 87, 500.00 <br />$ 87, 500.00 <br />$ 87, 500.00 <br />$ 87, 500.00 <br />Grant @ 85 % <br />$ 74,375.00 <br />$ 74,375.00 <br />$ 74,375.00 <br />$ 74,375.00 <br />$ 74,375.00 <br />Net Taxes to County <br />$ 13,125.00 <br />$ 13,125.00 <br />$ 13,125.00 <br />$ 13,125.00 <br />$ 13,125.00 <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 />Actua /grants may vary <br />5 year taxes <br />$ 437,500.00 <br />5 year grant <br />$ 371,875.00 <br />5 yr. net revenue <br />$ 65,625.00 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval, <br />G -1 Page 162 <br />