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Project Name: Meadows, Building 2 <br />CabanvsCounty Economic Development GrentAnalysis Cabarrui�, <br />3 year taxes $ 86,400.00 <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 $ 73,440.00 <br />the Cabarrus County Tax office and the North Carolina Dept of Rev e. <br />Actualgrants may vary 3year net revenue $ 12,960.00 <br />Note, Grants Subject to Cabarms Economic Development Hoard <br />approval & governmental body approval. <br />Page 186 <br />Year 1 <br />Year 2 <br />Year 3 <br />Total Assessed Value <br />$4,000,000.00 <br />$4,000,000.00 <br />$4,000,000.00 <br />County taxes at .72 <br />28 800.00 <br />28 800.00 <br />28 800.00 <br />Grant @ 85 % <br />$ 24,480.00 <br />$ <br />24,480.00 <br />$ <br />24,480.00 <br />Net Taxes to County <br />$ 4,320.00 <br />4,320.00 <br />4,320.00 <br />3 year taxes $ 86,400.00 <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 $ 73,440.00 <br />the Cabarrus County Tax office and the North Carolina Dept of Rev e. <br />Actualgrants may vary 3year net revenue $ 12,960.00 <br />Note, Grants Subject to Cabarms Economic Development Hoard <br />approval & governmental body approval. <br />Page 186 <br />