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								          																									21
<br />     		Project FFM      																	Last Updated:8/6/2019
<br />     		COMPANY   		$4,150,000      	TAX RATE  		$0.8679 										IP
<br />     		JOBS       		42     						75%	of new property tax for 5 years
<br />     		AVERAGE WAGE    	$41,236   		IDEPRECIATION RATE       10%
<br />     							A  ILI
<br />     		New Value     Yr 1
<br /> 					(20 20)  	1     	1     	/     	1   	1     	1     	1     	1 	1   1  	(20 30)
<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 Prop Yr 1    $150,000      $135,000     $121,500     $109,350      $98,415     $88,574      $79,716      $71,745      $64,570      $58,113      $52,302     $150,000
<br />     		Pers Prop Yr 2  	$01     $200,000     $180,0001    $162,000     $145,800    $131,220     $118,098     $106,288      $95,659      $86,093      $77,484     $200,000
<br />     		Pers Prop Yr 3  	$0I   	$0     $250,000     $225,000     $200,000    $175,000     $150,000     $125,000     $100,000      $75,000      $50,000     $250,000
<br />     		Pers Prop Yr 4  	$0    	$0   	$0     $250,000     $225,000    $200,000     $175,000     $150,000     $125,000     $100,000      $75,000     $250,000
<br />     		Pers Prop Yr 5  	$0    	$0   	$0   	$0     $250,000    $225,000     $200,000     $175,000     $150,000     $125,000     $100,000    $250,000
<br />     		Pers Prop Yr 6  	$0    	$0   	$0   	$0   	$0  	$0   	$0   	$0   	$0   	$0   	$0   	$0
<br />     		Pers Prop Yr 7  	$0    	$0   	$0   	$0   	$0  	$0   	$0   	Lo   	$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 />     		Financial      Yr 1 (20 20)  	1     	1     	1     	1   	/     	/     	1     	1 	1   1  	(20 30)
<br />     		Property Tax    	$0       $14,320      $15,926      $24,314      $26,005     $34,449      $33,586      $32,744      $31,922      $31,116      $30,326     $274,709
<br />     		Incentives      	$0      -$10,740     -$11,944     -$18,236     -$19,504    -$25,837   	$0   	$0   	$0   	$0   	$0    -$86,261
<br />     		Annual Net     	$0	$3,580       $3,981       $6,079       $6,501      $8,612      $33,586      $32,744      $31,922      $31,116      $30,326     $188,448
<br />     		Cash Flow      	$0	$3,580       $7,562      $13,640      $20,141     $28,754      $62,340      $95,084     $127,006     $158,122     $188,448
<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 />					$40,000
<br />					$20,000      									.       .       .       .       .
<br />     					$0
<br />  						Yr 1(2020)   Yr 2(2021)   Yr 3(2022)   Yr 4(2023)   Yr 5(2024)   Yr 6(2025)   Yr 7(2026)   Yr 8(2027)   Yr 9(2028)   Yr 10(2029)  Yr 11(2030)
<br />												MIIIIIIIAnnualNet  -CashFlow
<br />      		•• 		(20 20)       		1     	1     	1   	1     	1     	1     	1 	1   1  	(20 30)
<br />      					15�    	4   	10    	4    	9    											42
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