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AG 2012 04 16
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AG 2012 04 16
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Last modified
4/18/2012 10:55:43 AM
Creation date
11/27/2017 11:08:33 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
4/16/2012
Board
Board of Commissioners
Meeting Type
Regular
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Cabarrus County Economic Development Grant Analysis-Corning Expansion <br />- " I f <br />CABARRUS <br />Grant @ 85 % 1 $ 267,750.00 1 $ 267,750.00 1 $ 267,750.00 <br />Net Taxes to County $ 47,250.00 1 $ 47,250.00 1 $ 47,250.00 1 $ 315,000.00 1 <br />3 vear taxes I $ 945,000.00 <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 />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval. <br />13 vear grant I $ 803,250.00 1 <br />13 vr. net revenue 1 $ 141,750.00 1 <br />Attachment number 1 <br />G -1 Page 143 <br />Year 1 <br />Year 2 <br />Year 3 <br />Year 4 <br />Total Assessed Value <br />$50,000,000.00 <br />$50,000,000.00 <br />$50,000,000.00 <br />$50,000,000.00 <br />County taxes at .63 <br />$ 315,000.00 <br />$ 315,000.00 <br />$ 315,000.00 <br />$ 315,000.00 <br />Grant @ 85 % 1 $ 267,750.00 1 $ 267,750.00 1 $ 267,750.00 <br />Net Taxes to County $ 47,250.00 1 $ 47,250.00 1 $ 47,250.00 1 $ 315,000.00 1 <br />3 vear taxes I $ 945,000.00 <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 />Note; Grants Subject to Cabarrus Economic Development Board <br />approval & governmental body approval. <br />13 vear grant I $ 803,250.00 1 <br />13 vr. net revenue 1 $ 141,750.00 1 <br />Attachment number 1 <br />G -1 Page 143 <br />
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