AG 2003 08 18 - Laserfiche WebLink

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Calculation of Grant Due S & D Coffee, Inc. Based upon the 2002 Industrial Incentive Grant Questionnaire for Tax Year 2002 (5th of 5 years) Date Prepared: 815103 Base Year 1996 Personal Property. Year Trend Acquired M & E Factor/A-12 98 $ 393,068 69% 97 3,609,755 61% 96 2,579,061 54% Eligible For Incentive Grant (Personal) Real Estate: Real Estate Valuation 2001-Roaster Bldg. Card 3 of 3, 5610 83 7153 Real Estate Valuation 2001-W/Hse Card 1 of 1,5610 83 7565 Total Real Estate Valuation 2001 Real Estate Valuation 1996 Eligible For Incentive Grant (Real) Total, Eligible Incentive Grant Valuation Level I, 75% Grant Net, Grant Value Tax Rates, 2001 Grant Value ~' $4;~-~3 ;86~ ,860-~_~$~*-'-, 3,865,860- 830 230 4,075,31 All Grant Assets must be included in the relevant tax abstract. If these are reported in an amount (on the grant questionna re) greater than the relevant balance on the Abstract, they wdl be limited by the relevant and corresponding balance on the Abstract. 100% of the qua fying grant assets, prev ous y leased from Banc of America Leasing & Capital LLC, were purchased by S&D in the middle of the 2000 calendar year. The qualifying RE consists of the Roaster Build ng and Warehouse. Permits were recorded in 96 when these improvements were started and completed. The relevant and associated a/c #s which must be reviewed for settlement of current taxes fo ow 11632, 6076400, 6076200, 2334674. Additionally, in prior years we had Idiscussions with Luther Barrier n which he would address all leasing arrangements as described I n Verificat on Requirements 4). The file contains letters from F~rst Charter Trust directing the IGrant to S&D and not the Trust/Leas ng Co:~for certain, grant-qualifying assets. From the 2002 /tax bills we noted that Arabica LLC is the current owner of PIN # 5610 83 7153. We completed /an audit of S&D Coffee, Inc. in July 2001.