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AG 2015 12 14
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AG 2015 12 14
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Last modified
12/15/2015 4:02:00 PM
Creation date
11/27/2017 10:40:27 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/14/2015
Board
Board of Commissioners
Meeting Type
Regular
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Project Deliver <br />Cabarrus County Economic Development Grant Analysis <br />- " I f <br />CABA <br />,, <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval. <br />Attachment number 1 \n <br />G -2 Page 350 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Total Assessed Value <br />$26,800,000.00 <br />$26,800,000.00 <br />$26,800,000.00 <br />$26,800,000.00 <br />County taxes at .70 <br />$ 187,600.00 <br />$ 187,600.00 <br />$ 187,600.00 <br />$ 187,600.00 <br />Grant @ 85 % <br />$ 159,460.00 <br />$ 159,460.00 <br />$ 159,460.00 <br />Net Taxes to County <br />$ 28,140.00 <br />$ 28,140.00 <br />$ 28,140.00 <br />$ 187,600.00 <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 />$ 562,800.00 <br />3 year grant <br />$ 478, 380.00 <br />1 3 yr. net revenue <br />$ 84,420.00 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval. <br />Attachment number 1 \n <br />G -2 Page 350 <br />
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