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<br />INCENTIVE ANALYSIS OVERVIEW (estimated) <br />(Under Guidelines effective January 1, 2004) <br /> <br />Company's Legal Name..............................Haas CNC Racing <br /> <br />Representative................................................... Joe Custer, General Manager <br /> <br />State of Incorporation................................................California (Registered in NC) <br />Nature of Business ................................. Motorsports <br /> <br />Current operations in Cabarrus County................................Yes <br /> <br />Current Employment ......... ............... ........................... ......85 <br /> <br />Proposed new or additional Cabarrus facility <br /> <br />Proposed Location..................Kannapolis Gateway Business Park <br /> <br />Additional Square Feet......................................140,OOO <br /> <br />Investment <br />Real Estate........................$ 10,170,000 <br />Equipment........................ .$ 6.000,000 <br />Total Investment.................$ 16,170,000 <br /> <br /># of new full time jobs............................ 15 to 70 <br /> <br />Kannapolis Incentive Levell Grant @ 75%...........................$ 212,243.85 <br />Cabarrus Incentive Levell Grant @ 65%.............................$ 233.169.30 <br />Total Incentive.....................................................................$ 445,413.15 <br /> <br />Net to City....................................................................$ 92,486.73 <br />Net to County...............................................................$ 153.108.90 <br />Total 4 Year Net Tax Revenues..................... ............$ 245,595.63 <br /> <br />Q.-I <br />