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Agenda 11-19-19 Item 5-a - Public Hearing Regarding an Economic Development Recruitment Incentive for Piedmont Metalworks, LLC
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Agenda 11-19-19 Item 5-a - Public Hearing Regarding an Economic Development Recruitment Incentive for Piedmont Metalworks, LLC
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11/14/2019 12:27:17 PM
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BOCC
Date
11/19/2019
Meeting Type
Regular Meeting
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Agenda
Agenda Item
5-a
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Agenda 11-19-19 Business Meeting
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31 <br /> Proposed Oranqe County Incentive <br /> Net Property Tax Revenues <br /> (5 & 10 Year Projections) <br /> F 3= <br /> New <br /> Property $14,320 $15,926 $24,314 $26,005 $34,449 $115,014 <br /> Taxes <br /> (Gross) <br /> Incentive ($10,740) ($11 ,944 <br /> Payments ) ($18,236) ($19,504) ($25,837) ($86,261) <br /> Annual Net $3,580 $37981 $67079 $6,501 $8,612 $28,753 <br /> &:10-Y,%g,County Revenu7"Projection <br /> New Property Taxes (Gross) $2749709.00 <br /> Incentive Payments ($869281 .00) <br /> Annual Net $1885448.00 <br /> ORANGE COUNTY <br /> NORTH CAROLINA <br />
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