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Calculation of Grant Due Owens Corning Company <br />Based upon the 2002 Industrial Incentive Grant <br />(2nd of 3 Years, Personal Property) <br /> <br />Base Year 2000 (Ehgible Assets installed after 8130/99) <br />2002 Personal Property <br /> <br />Class of <br /> <br /> Installed <br /> Costs Sch <br /> <br /> M&E $ 59,707,353 A-12 <br /> LHI 1,615,921 N-20 <br /> F&F 166,391 K-10 <br /> 61.489,665 <br /> <br /> CIP 1,232,992 <br /> <br />Add' Supphes & taxable inventory <br /> <br />Eligible For Incentive Grant (Personal) <br /> <br />Taxable <br />Value <br /> <br /> 36,305,185 <br /> 1,454,329 <br /> 43,135 <br /> <br />37,802,649 <br /> <br /> 1,232,992 <br /> <br /> 883,488 <br /> <br />County <br />Assessed <br />Value <br /> <br /> 39,919,129 <br /> <br /> 29,939,347 <br /> 0.56 <br /> <br />167 <br /> <br />Personal Value 8~11 # <br /> <br />25.841,645 2002-1224 <br />1,232,992 2002-575 <br />12.844,492 2002-64320 <br /> <br />39,919,129 <br /> <br /> Total, Ehgible Incentive Grant Valuation <br /> <br />Level I, 75% Grant <br />Net. Grant Value <br />Tax Rates, 2001 <br /> <br />Grant <br /> <br />All Grant Assets must be included m the relevant tax abs~,~ct <br /> <br />If these are reported in an amount (on the grant questionnaire) <br /> <br /> rreater than the relevant balance on the Abstract, they w~ll be limited by the relevant and corresponding balance on the Abstract, <br /> <br />~lote: (1)The grant excludes motor vehicles & rolling stock. (2)Qualifying buildings, machinery and equipment, & other personal <br />property expended I'or and installed after 8/30/99 are gran.t el~gible. The leased bull(tm9 was built m 1998 and would not quahry for <br />rant consideration, (3)Grant Is e[f, ectlve for three years [or personal property Incentive grant categories (mlmmum total project <br />m~lhonValue) Level 1, $5 million, 75% County-5yr r e, 3yr pp, 65% Concord-4 yr r e. 3 yr. pp, Level 2, $50 mdlion; Level 3. $100 <br /> <br /> <br />