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Cabarrus County Economic Development Grant Analysis-Project Corning2 <br />-. "f <br />CABARRUS <br />Grant @ 85 % 1 $ 190,400.00 1 $ 171,360.00 1 $ 154,224.00 <br />Net Taxes to County $ 33,600.00 1 $ 30,240.00 1 $ 27,216.00 1 $ 163,296.00 1 <br />3 vear taxes I $ 607,040.00 <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 $ 515,984.00 1 <br />13 vr. net revenue I $ 91,056.00 1 <br />Attachment number 2 <br />G -2 <br />Page 239 <br />Year 1 <br />Year 2 <br />Year 3 <br />Yea r 4 <br />Total Assessed Value <br />$32,000,000.00 <br />$28,800,000.00 <br />$25,920,000.00 <br />$23,328,000.00 <br />County taxes at .70 <br />$ 224,000.00 <br />$ 201,600.00 <br />$ 181,440.00 <br />$ 163,296.00 <br />Grant @ 85 % 1 $ 190,400.00 1 $ 171,360.00 1 $ 154,224.00 <br />Net Taxes to County $ 33,600.00 1 $ 30,240.00 1 $ 27,216.00 1 $ 163,296.00 1 <br />3 vear taxes I $ 607,040.00 <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 $ 515,984.00 1 <br />13 vr. net revenue I $ 91,056.00 1 <br />Attachment number 2 <br />G -2 <br />Page 239 <br />