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AG 2005 10 17
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AG 2005 10 17
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Last modified
3/3/2006 8:33:58 AM
Creation date
11/27/2017 11:36:24 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
10/17/2005
Board
Board of Commissioners
Meeting Type
Regular
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<br /> <br />i..." . <br />, (. Y <br />".:i u. .";1 <br /> <br />INCENTIVE ANAL YSIS OVERVIEW (estimated) <br />(Under Guidelines effective January 1, 2004) <br /> <br />Company's Legal Name..............................Wight Lightning Motorsports, LLC <br /> <br />Representative................................................... Jessica Hart <br /> <br />State of Incorporation. ............... ................. .............. .Illinois <br /> <br />Nature of Business ................................. Motorsports <br /> <br />Current operations in Cabarrus County................................None <br /> <br />Current Employment.......................... ............................. ..None <br /> <br />Proposed new or additional Cabarrus facility <br /> <br />Proposed Location..................Oakmont Business Park, Concord <br /> <br />Additional Square Feet......................................189,500 <br /> <br />Investment <br />Real Estate........................$ 15,784,000 <br />Equipment.........................$ 2.504.000 <br />Total Investment.................$18,288,000 <br /> <br /># of new full time jobs............................ 120 <br /> <br />Concord Incentive Levell Grant @ 65%...........................$ 195,431.54 <br />Cabarrus Incentive Levell Grant @ 65%............................$286.329.93 <br />Total Incentive............................................... ......................$ 481,761.47 <br /> <br />Net to City....................................................................$ 113,081.66 <br />Net to County...............................................................$ 165.677.78 <br />Total Net Tax Revenues................................................$ 278,759.44 <br /> <br />i, <br /> <br />G-2- <br />
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