September 6, 2011 (Work Session)
<br />Page 581
<br />Net Taxes to County $378.00 $378.00 $378.00 $2,520.00
<br />3 Year Taxes $7,560.00
<br />3 Year Grant $6,426.00
<br />3 Year Net Revenue $1,134.00
<br />Cabarrus County Economic Development Grant Analysis
<br />Personal Property - 10o Dep
<br />Amaretto - 2012
<br />Cabarrus County Economic Development Grant Analysis
<br />Real Property
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Total Assessed Value
<br />$200,000.00
<br />$180,000.00
<br />$162,000.00
<br />$145,800.00
<br />County Taxes at .63
<br />$1,260.00
<br />$1,134.00
<br />$1,020.60
<br />$918.54
<br />Grant @ 85%
<br />$1,071.00
<br />$963.90
<br />$867.51
<br />Net Taxes to County
<br />$189.00
<br />$170.10
<br />$153.09
<br />$918.54
<br />3 Year Taxes
<br />$3,414.60
<br />3 Year Grant
<br />$2,902.41
<br />3 Year Net Revenue
<br />$512.19
<br />Amaretto - 2012
<br />Cabarrus County Economic Development Grant Analysis
<br />Real Property
<br />Cabarrus County Economic Development Grant Analysis
<br />Personal Property - 10o Dep
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Total Assessed Value
<br />$8,300,000.00
<br />$8,300,000.00
<br />$8,300,000.00
<br />$8,300,000.00
<br />County Taxes at .63
<br />$52,290.00
<br />$52,290.00
<br />$52,290.00
<br />$52,290.00
<br />Grant @ 85%
<br />$44,446.50
<br />$44,446.50
<br />$44,446.50
<br />Net Taxes to County
<br />$7,843.50
<br />$7,843.50
<br />$7,843.50
<br />$52,290.00
<br />3 Year Taxes
<br />$156,870.00
<br />3 Year Grant
<br />$133,339.50
<br />3 Year Net Revenue
<br />$23,530.50
<br />Cabarrus County Economic Development Grant Analysis
<br />Personal Property - 10o Dep
<br />Amaretto - 2013
<br />Cabarrus County Economic Development Grant Analysis
<br />Real Property
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Total Assessed Value
<br />$800,000.00
<br />$720,000.00
<br />$648,000.00
<br />$583,200.00
<br />County Taxes at .63
<br />$5,040.00
<br />$4,536.00
<br />$4,082.00
<br />$3,674.16
<br />Grant @ 85%
<br />$4,284.00
<br />$3,855.60
<br />$3,470.04
<br />Net Taxes to County
<br />$756.00
<br />$680.40
<br />$612.36
<br />$3,674.16
<br />3 Year Taxes
<br />$13,658.40
<br />3 Year Grant
<br />$11,609.64
<br />3 Year Net Revenue
<br />$2,048.76
<br />Amaretto - 2013
<br />Cabarrus County Economic Development Grant Analysis
<br />Real Property
<br />Cabarrus County Economic Development Grant Analysis
<br />Personal Property — 10o Dep
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Total Assessed Value
<br />$1,400,000.00
<br />$1,400,000.00
<br />$1,400,000.00
<br />$1,400,000.00
<br />County Taxes at .63
<br />$8,820.00
<br />$8,820.00
<br />$8,820.00
<br />$8,820.00
<br />Grant @ 85%
<br />$7,497.00
<br />$7,497.00
<br />$7,497.00
<br />Net Taxes to County
<br />$1,323.00
<br />$1,323.00
<br />$1,323.00
<br />$8
<br />3 Year Taxes
<br />$26,460.00
<br />3 Year Grant
<br />$22,491.00
<br />3 Year Net Revenue
<br />$3,969.00
<br />Cabarrus County Economic Development Grant Analysis
<br />Personal Property — 10o Dep
<br />CVB - Presentation of Marketing Plan for 2011 -2012
<br />Donna Carpenter, CVB (Convention and Visitors Bureau) President and CEO
<br />and Michael Bonoffski, Marketing and Communications, presented the CVB
<br />marketing plan for 2011 -2012. During the presentation, Ms. Carpenter and Mr.
<br />Bonoffski responded to a variety of questions from the Board. No action was
<br />taken.
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Total Assessed Value
<br />$300,000.00
<br />$270,000.00
<br />$243,000.00
<br />$218,700.00
<br />County Taxes at .63
<br />$1,890.00
<br />$1,701.00
<br />$1,530.90
<br />$1,377.81
<br />Grant @ 85%
<br />$1,606.50
<br />$1,445.85
<br />$1,301.27
<br />Net Taxes to County
<br />$283.50
<br />$255.15
<br />$229.64
<br />$1,377.81
<br />3 Year Taxes
<br />$5,121.90
<br />3 Year Grant
<br />$4,353.62
<br />3 Year Net Revenue
<br />$768.29
<br />CVB - Presentation of Marketing Plan for 2011 -2012
<br />Donna Carpenter, CVB (Convention and Visitors Bureau) President and CEO
<br />and Michael Bonoffski, Marketing and Communications, presented the CVB
<br />marketing plan for 2011 -2012. During the presentation, Ms. Carpenter and Mr.
<br />Bonoffski responded to a variety of questions from the Board. No action was
<br />taken.
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