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Project Name: Griffin, Building 2 <br />CabanvsCountyEconomicDevelopment GrentAnalysis Cabarrui�, <br />3 year taxes $ 133,920.00 <br />This document is for calculation purposes only. The numbers computed <br />here are estimated based on general assumptions provided by the diens 13year grant $ 113,832.00 <br />the Cabarrus County Tax office and the North Carolina Dept of Rev e. <br />Actualgrants may vary 3year net revenue $ 20,088.00 <br />Note, Grants Subject to Cabarms Economic Development Hoard <br />approval & governmental body approval. <br />Page 161 <br />Year 1 <br />Year 2 <br />Year 3 <br />Total Assessed Value <br />$6,200,000.00 <br />$6,200,000.00 <br />$6,200,000.00 <br />County taxes at .72 <br />$ 44r&40.00 <br />44r&40.00 <br />44r640.00 <br />Grant @ 85 % <br />$ 37,944.00 $ <br />37,944.00 $ <br />37,944.00 <br />Net Taxes to County <br />6r696.00 <br />6,696.00 <br />6,696.00 <br />3 year taxes $ 133,920.00 <br />This document is for calculation purposes only. The numbers computed <br />here are estimated based on general assumptions provided by the diens 13year grant $ 113,832.00 <br />the Cabarrus County Tax office and the North Carolina Dept of Rev e. <br />Actualgrants may vary 3year net revenue $ 20,088.00 <br />Note, Grants Subject to Cabarms Economic Development Hoard <br />approval & governmental body approval. <br />Page 161 <br />