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Project Pac <br />Cabarrus County Economic Development Grant Analysis <br />CABA <br />,, <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval. <br />Attachment number 1 \n <br />G -1 Page 338 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Total Assessed Value <br />$39,500,000.00 <br />$39,500,000.00 <br />$39,500,000.00 <br />$39,500,000.00 <br />County taxes at .70 <br />$ 276,500.00 <br />$ 276,500.00 <br />$ 276,500.00 <br />$ 276,500.00 <br />Grant @ 85 % <br />$ 235,025.00 <br />$ 235,025.00 <br />$ 235,025.00 <br />Net Taxes to County <br />$ 41,475.00 <br />$ 41,475.00 <br />$ 41,475.00 <br />$ 276,500.00 <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 />Actual grants may vary <br />3 year taxes <br />$ 829,500.00 <br />3 year grant <br />$ 705,075.00 <br />1 3 yr. net revenue <br />$ 124,425.00 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval. <br />Attachment number 1 \n <br />G -1 Page 338 <br />