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18 <br /> Medline Industries <br /> • 2019 public announcement for a new1.2 million sq.ft. distribution facility for medical products <br /> • $65 -$80 million announced investment, currently valued at$80 million <br /> • 250 new logistics distribution jobs to be created by 2023 with an average salary of$35,468/year <br /> (growing to 600 jobs by 2032) <br /> 0 Orange County incentive not to exceed $968,745.00 paid over the years 2022-2026 <br /> Medline - Orange County Revenue Projections <br /> V Year 2nd Year 3,d Year 4th Year 5th Year 6th Year <br /> TOTAL <br /> 2020 2021 2022 2023 2024 2025 <br /> New Property $243,012 $562,399 $555,630 $549,537 $544,045 $537,349 $2,991,972 <br /> Tax Revenue <br /> Incentive .($421,799) ($416,722) ($412,153) ($408,034) ($182,259) ($1,840,967) <br /> Payments <br /> Annual Net $243,012 $140,600 $138,907 $137,384 $136,011 $355,090 $968,745 <br /> Revenue <br /> * Note:There is no incentive payment scheduled for 2020 or 2021 due to the company's request that <br /> payments begin after building completion. <br /> Orange County Property Tax Revenue Projections <br /> (10 Years) <br /> New Property Tax Revenues Collected $5,086,350 <br /> Incentive Payments ($1,840,967) <br /> Annual Net Revenues $3,245,383 <br />