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AG 2006 07 31 Recessed
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AG 2006 07 31 Recessed
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Last modified
10/16/2006 1:35:45 PM
Creation date
11/27/2017 11:33:41 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
7/31/2006
Board
Board of Commissioners
Meeting Type
Regular
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<br />INCENT1.VE ANALYSIS o VER1{1EW (estimated) <br />(lI,nder Guidelines effective January 1, 2004) <br /> <br />Company's Legal Name........................Double 0 Plastics, Inc. <br /> <br />Representative. ............ ..................... ......Lee Orlic <br /> <br />State of Incorporation....................................NC <br /> <br />Nature of Business..........................................Plastic injection molding <br /> <br />Current operations in Cabarrus County............4501 Republic Dr., Concord, NC <br /> <br />Current Employment ................................................35 <br /> <br />Proposed new or additional Cabarrus facility <br /> <br />Proposed Location.........Biscayne Dr., Kannapolis, NC <br /> <br />Additional Square Feet.........35,000 on 4 acres <br /> <br />Investment <br />Real Estate........................$ 1,700,000 <br />Equipment.........................$ 600.000 <br />'Total Investment.............$ 2,300,000 <br /> <br /># of new full time jobs.......................: 10 <br /> <br />Kannapolis Taxes Paid (Years 1-3)...........................................$ 30,822.08 <br />Cabarrus County Taxes Paid (Years 1-3)..................................$ 41504.65 <br /> <br />Kannapolis Incentiv$ Levell Grant @ 85%.............................$ 26,198.76 <br />Cabarrus County Inqentive Levell Grant @ 85%....................$ 35,278.95 <br /> <br />Total Net Tax Revenues to Kannapolis......................................$ 4,623.31 <br />Total Net Tax Revel'1ueSito Cabarrus County ............................$ 6,225.70 <br /> <br />C - 2... <br />
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