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AG 2000 03 20
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AG 2000 03 20
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Last modified
3/25/2002 4:56:44 PM
Creation date
11/27/2017 11:47:01 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/20/2000
Board
Board of Commissioners
Meeting Type
Regular
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Jeffery C. Carpenter & Company, Inc. <br /> <br />I~one (704) <br />Fax (704) 792-2541 <br /> <br /> Jelfery C. Carp~e¢ <br />745 Cabanus AvenueW. <br /> Concord, NC 28025 <br /> <br /> FACT SHEET <br />Analysis of Carperd~.__~/Benderson Proposal <br /> <br />Benderson Development Company i¢ suni in. purchasing the land of <br />Cabarrus ~ Schools. combined~v~h. Concrete. Supply plan to construct a <br />t60,00Q' ._~,: tt shopping, cente~_ PraiSed: value o[- th~s development is as <br />follows: <br /> <br />Land:: Schools - $1,200,000 <br />13uitding,- $4,800,000 <br />Si~e work - $1,800,000 <br />Add. Land- $1,ooo,ooo <br /> <br />Addi~onat outpa[c_,et development, should, add: an additional $3,000,000 in <br />value. <br /> <br />TotaltValue - $11,800,000 <br />PropeCe/Tax:m~zenue ger'~a~ should approximate: <br />$1:I~,800;000.ktC~x .5~ = $69,620 per year <br /> <br />Sates.t__m,(es:to_Cabam~_$ Co[j_.r~y sho[:~_rf_ aAorozimate 1.60,000 sq. ff x sales of <br />$200: pe~ sq, ft:or-$32,00_ O~QOQ' per yr:. of' sales × .02 o[ $640;000.00 per yr. <br /> <br />Additional: outpamels sales tax shored-_ ad~ approximately $60,000 a yr. in <br />addilJonal: revenues. (1'5~01:)Q sq__ff x $200/sq. ff x .02) <br /> <br />Total increasedmvenuesto-~ per'yr: - $ 69,620' <br /> $ 640,000 <br /> $ 60,000 <br /> $ 769,O0O <br /> <br />This s~o does. nczt.indude state, sales tax generated, additional city tax <br />revenues, and: creation of-new employment oppo~ities for our area. <br /> <br /> <br />
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