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7
<br /> Proposed Orange County Incentives
<br /> Project FFM Last Updated:8/6/2019
<br /> COMPANY!INVESTMENT $4,150,000 $0.8579
<br /> JOBS 42 75% of new property tax for 5 years
<br /> AVERAGE WAGE $41.236 10%
<br /> I
<br /> New Value Yr 1 1 1 1 1
<br /> Real $1,500,000 $1,500,000 $2,250,000 $2,250,000 $3,050,000 $3,050,000 $3,050,000 $3,050,000 $3,050,000 $3,050,000 $3,050,000 $3,050,000
<br /> Pers Proo Yr 1 $150,000 $135,000 $121,500 $109,350 $98,415 $88,574 $79,716 $71,745 $64,570 $59,113 $52,302 $150,333
<br /> Pers P,oc v-2 $C $200,000 $180,000 $162,000 $145,800 $1,91,220 $118,098 $106,2S8 $95,659 $86,093 $77,484 $20a,3aa
<br /> Pe-s'- -3 $0 $0 $250,000 $225,000 $200,000 $175,000 $1.50,000 $125,000 $100,000 $75,000 $50,000 $253,333
<br /> Pe-s--oc v-4 $0 $0 $0 $250,000 $225,000 $200,ODD $179,000 $150,000 $125,000 $100,000 $75,CCC $253,333
<br /> Pers Prot v-_� $0 $C $0 $0 $250,000 $225,CCC $200,000 $175,000 $150,000 $125,000 $100,000 $253,333
<br /> Pers Prop Yr 6 $C $C $0 $0 $0 $0 $0 $0 $o $o $0 $0
<br /> Pers Prop Yr 7 $C S0 $0 $0 $0 $0 $C $0 $0 $0 $0 $0
<br /> Tax Value $1,650,000 $1,835,000 $2,801,500 $2,996,350 $3,969,215 $3,869,794 $3,772,814 $3,678,033 $3,585,229 $3,494,207 $3,404,786 $4,150,000
<br /> 1 1 (21ft1 (ZD29) Yr 11(2030) Total
<br /> Property Tax $0 $14,320 $15,925 $24,314 $26,005 $34,449 $33,596 $32,744 $51,922 $31,116 $30,326 $274,709
<br /> Incenbi $C -510,740 -$11,944 -$15,236 -$19,504 -$25,S37 W $0 $0 $0 $0 -$86,261
<br /> Annual Net ;5,375 $5,501 $5,512 533,5S5 $S2,744 551,S22 S-11,115 550,325 $188,448
<br /> Cash Flow S3 S3 583 F552 S13,540 S20,141 $28,754 SE2,340 Ss5 394 S127 MS 5158,122 S199449
<br /> $200,000
<br /> $180,000
<br /> $160,000
<br /> $140,000
<br /> $120,000
<br /> $100,000
<br /> $80,000
<br /> $60,000
<br /> $4gom
<br /> $2000o . . . ■
<br /> rip
<br /> Yr1(2020) Yr2(20211 Yr3(2022) Yr4(2023) Yr 5(2024) Yr6(2025) Yr7(2026) YrS(20071 Yr9(2028) Yr 10(2029) Yr 11(20301
<br /> �An 1 Net -Cash Flow
<br /> I I I I I I 1 1 1 ! 0 I I
<br /> 15 4 10 4 9 -_
<br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goal is applicable to
<br /> this item:
<br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY
<br /> The creation and preservation of infrastructure, policies, programs and funding necessary
<br /> for residents to provide shelter, food, clothing and medical care for themselves and their
<br /> dependents.
<br /> ENVIRONMENTAL IMPACT: The following Orange County Responsibility Goal impacts are
<br /> applicable to this item:
<br /> • ENERGY EFFICIENCY AND WASTE REDUCTION
<br /> Initiate policies and programs that: 1) conserve energy; 2) reduce resource consumption;
<br /> 3) increase the use of recycled and renewable resources; and 4) minimize waste stream
<br /> impacts on the environment.
<br /> Piedmont Metalworks' proposed consolidation of metalworking operations onto the firm's main
<br /> production site should promote greater efficiencies regarding energy usage, recycling efforts,
<br /> trucking transportation and related logistics.
<br /> • RESULTANT IMPACT ON NATURAL RESOURCES AND AIR QUALITY
<br /> Assess and where possible mitigate adverse impacts created to the natural resources of
<br /> the site and adjoining area. Minimize production of greenhouse gases.
<br />
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