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with the value of personal property investments being considered fOf a period of three (3) . consecutive years in determining value for grant calculation purposes. The beginning date for grant calculati~ms is to be the date of useful occupancy and/or production startup. Corporate headquarters is defined as the location of the center of the company's operations including the main[offices for its management and administrative officers. · Levell grant. a gr~nt award based upon a project's estimated tax revenue generation value, calculated to equate to approximately 65% of the value of real and personal property tax revenue value antjcipated to be generated by the project. The value for real. property investments shaH be calculated based on a period of four (4) consecutive years with the value of personal property investments being considered for a period of three (3) consecutive years in determining value for grant calculation purposes. The beginning date for grant calculations is to b~ the date of useful occupancy and/or production startup. . Level 2 grant - a grant award based upon a project's estimated tax revenue generation value, to be calculated to equate to approximately 70% of the value of real and personal property tax revenue value anticipated to be generated by the project. The value for real property investments shaH be calculated based on a period of four (4) consecutive years with the value of personal property investments being considered for a period of three (3) consecutive years ip. determining value for grant calculation purposes. The beginning date for grant calcttlations is to be the date of useful occupancy and/or production startup. · Level 3 grant. a grant award based upon the project's estimated tax revenue generation value, to be calcul~ted to equate to approximately 75% of the value ofreal and personal property tax revenue value anticipated to be generated by the project. The value for real property investments shaH be calculated based on a period of four (4) consecutive years with the value of personal property investments being considered for a period of three (3) consecutive years ill determining value for grant calculation purposes. The beginning date for grant calculatiops is to be the date of useful occupancy and/or production startup. · Corporate Headqu.rters Facility Lease .Provision - Projects meeting all of the criteria required for one of~he grant level categories noted above, but involving the lease of a new building to be constructed for a corporate headquarters rather than direct ownership, may be , grant eligible under certain conditions. In such instances, the owner of the building to be constructed shall b~responsible for providing documentation showing the estimated new tax revenue generation! value for the building and permanent fixtures, plus any eligible new personal property ~f the lessee that will generate tax revenue. The owner shall also be required to provid~ a copy of the proposed lease with the prospective company that demonstrates it is a~ least five (5) years in length. If a grant is awarded, it will be conditioned upon the owner of1:/1e building and the company executing the lease that the building(s) will house the center oqhe company's operations including the main offices for its management and administrative officers during the grant period. Agreements executed using this provision shall normally be With the tenant but based on the value of the building since it will be the I primary permanent [generator of new tax revenue. The building owner may be the recipient .4. G-L.