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Project Name: Jersey Hydro
<br />Cabarrus County Economic Development GrantAnalysis
<br />$1Million
<br />SAW
<br />4mm1• 7
<br />Cabarrui*---
<br />Cabarrus County Economic Development Grant Analysis
<br />$2 Million
<br />Year 1 Year 2
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Year 5
<br />Total Assessed Value
<br />$1,000,000.00
<br />$1,000,000.00
<br />$1,000,000.00
<br />$1,000,000.00
<br />$1,000,000.00
<br />County taxes at.72 $ 14,400.00 $ 14,400.00
<br />$ 14,400.00
<br />$
<br />County taxes at.72
<br />$ 7,200.00
<br />$ 7,200.00
<br />$ 7,200.00
<br />$ 7,200.00
<br />$ 7,200.00
<br />Grant @ 85 % $ 12,240.00 $ 12,240.00
<br />$ 12,240.00
<br />$
<br />12,240.00
<br />$ 12,240.00
<br />Grant@ 85 "/o
<br />$ 6,120.00
<br />$ 6,120.00
<br />$ 6,120.00
<br />$ 6,120.00
<br />$ 6,120.00
<br />$ 2,160.00
<br />$
<br />2,160.00
<br />$ 2,160.00
<br />This document is for calculation purposes only. The numbers rompubd
<br />here are estimated based on gemral assumpftasprovided by the diene
<br />the Cabanas County Tax of wand the North Carolina Dept of Revenu&
<br />Net Taxes to County
<br />$ 1,080.00
<br />$ 1,080.00
<br />$ 1,080.00
<br />$ 1,080.00
<br />$ 1,080.00
<br />5 year taxes
<br />$ 36,000.00
<br />5 year grant
<br />$ 30,600.00
<br />5 yr. net revenue
<br />$ 5,400.00
<br />Cabarrus County Economic Development Grant Analysis
<br />$2 Million
<br />Year 1 Year 2
<br />Year 3
<br />Year 4
<br />Year 5
<br />Total Assessed Value $2,000,000.00 $2,000,000.00
<br />$2,000,000.00
<br />$2,000,000.00
<br />$2,000,000.00
<br />County taxes at.72 $ 14,400.00 $ 14,400.00
<br />$ 14,400.00
<br />$
<br />14,400.00
<br />$ 14,400.00
<br />Grant @ 85 % $ 12,240.00 $ 12,240.00
<br />$ 12,240.00
<br />$
<br />12,240.00
<br />$ 12,240.00
<br />Net Taxes to County $ 2,160.00 $ 2,160.00
<br />$ 2,160.00
<br />$
<br />2,160.00
<br />$ 2,160.00
<br />This document is for calculation purposes only. The numbers rompubd
<br />here are estimated based on gemral assumpftasprovided by the diene
<br />the Cabanas County Tax of wand the North Carolina Dept of Revenu&
<br />5 year taxes
<br />5year grant
<br />5yr. net revenue
<br />$ 72,000.00
<br />$61,200.00
<br />$ 10,800.00
<br />Actual grantsmay vary
<br />Note: Grans bjectto CabamsEronomi Development Board
<br />approval&gove wtalbodyappoval.
<br />Page 205
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