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<br />with the value o.fperso.nal property investments being co.nsidered for a perio.d o.fthree (3) <br />consecutive years in determining value fo.rgrant calculatio.n purpo.ses. The beginning date <br />fo.r grant calculations is to. be the date o.f useful o.ccupancy andlo.r pro.ductio.n startup. <br />Co.rpo.rate headquarters is defined as the lo.catio.n o.fthe center o.fthe co.mpany's o.peratio.ns <br />including the main o.ffices fo.r its management and administrative o.fficers. <br /> <br />· Levell grant - a grant award based upon a project's estimated tax revenue generatio.n value, <br />calculated to. equate to. approximately 65% o.f the value of real and perso.nal property tax <br />revenue value anticipated to. be generated by the pro.ject. The value fo.r real property <br />investments shall be calculated based o.n a perio.d o.ffo.ur (4) co.nsecutive years with the value <br />o.fperso.nal propertty investments being considered fo.r a perio.d of three (3) co.nsecutive years <br />in determining value fo.r grant calculation purposes. The beginning date for grant <br />calculatio.ns is to.J:>e the date o.fuseful o.ccupancy and/or productio.n startup. <br /> <br />· Level 2grant - a grant award based upo.n a project's estimated tax revenue generatio.n <br />value, to. be calculated to. equate to. appro.ximately 70% o.f the value of real and perso.nal <br />property tax revenue valueanticipated to be generated by the project. The value fo.r real <br />property investments shall be calculated based o.n a perio.d of four (4) co.nsecutive years <br />with the value ofperso.nal property investments being co.nsidered fo.r a period o.f three (3) <br />co.nsecutive yearsiin determining value for grant calculatio.n purpo.ses. The beginning <br />date for grant calqulatio.ns is to. be the date o.f useful o.ccupancy andlo.r production startup. <br /> <br />· Level 3 grant - a grant award based upon the proj ect' s estimated tax revenue generatio.n <br />value, to. be calculated to. equate to. approximately 75%o.f the value o.f real and perso.nal <br />property tax revenue value anticipated to. be generated by the project. The value fo.r real <br />property investmeptsshall be calculated based o.n a period o.ffo.ur (4) consecutive years with <br />the value o.f personal property investments being co.nsidered for a period o.f three (3) <br />co.nsecutive years iin determining value fo.r grant calculatio.n purpo.ses. The beginning date <br />fo.r grant calculations is to. be the date o.f useful o.ccupancy and/o.r pro.ductio.n startup. <br /> <br />· Co.rpo.rate Headquarters Facility Lease Provisio.n- Pro.jects meeting all o.f the criteria <br />.required fo.r o.ne o.f the grant level categories no.ted abo.ve, but invo.lving the lease o.f a new <br />building to be co.n~tructed fo.r a co.rpo.rate headquarters rather than direct o.wnership, may be <br />grant eligible und~r certain co.nditio.ns. In such instances, the owner o.f the building to. be <br />co.nstructed shall b'e respo.nsible for providing documentatio.n sho.wing the estimated new tax <br />revenue generatio.h value fo.r the building and permanent fixtures, plus any eligible new <br />personal propertYio.f the lessee that will generate tax revenue. The o.wner shall also. be <br />required to. provide a co.py o.f the propo.sed lease with the prospective co.mpany that <br />demo.nstrates it is ~t least five (5) years in length. If a grant is awarded, it will be co.nditio.ned <br />upo.n the o.wner o.tthe building and the co.mpany executing the lease that thebuilding(s) will <br />ho.use the center o.fthe co.mpany's o.peratio.ns including the main o.ffices fo.r its management <br />and administrativeio.fficers during the grant perio.d. Agreements executed using this provisio.n <br />shall no.rmally be ).vith the tenant but based o.n the value o.fthe building since it will be the <br />primary permanenl generato.ro.f new tax revenue. The building o.wner may be the recipient <br /> <br />- 4 - <br /> <br />Cb -'3 <br />