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Windshear <br />Cabarrus County Economic Development GrantAna/ysis <br />- " I f <br />CABARRIUS <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval. <br />Attachment number 2 <br />H -1 Page 236 <br />Year 1 <br />Year 2 <br />Year 3 <br />Yea r 4 <br />Total Assessed Value <br />$5,000,000.00 <br />$5,000,000.00 <br />$5,000,000.00 <br />$5,000,000.00 <br />County taxes at .70 <br />$ 35,000.00 <br />$ 35,000.00 <br />$ 35,000.00 <br />$ 35,000.00 <br />Grant @ 85 % <br />$ 29,750.00 <br />$ 29,750.00 <br />$ 29,750.00 <br />Net Taxes to County <br />$ 5,250.00 <br />$ 5,250.00 <br />$ 5,250.00 <br />$ 35,000.00 <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 />$ 105,000.00 <br />3 year grant <br />$ 89, 250.00 <br />3 yr. net revenue <br />$ 15,750.00 <br />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval. <br />Attachment number 2 <br />H -1 Page 236 <br />