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9 <br /> 1 Slide #6 <br /> Lease Agreement <br /> Based on current commercial rates,the <br /> $250.0M InEWDEV market rent would total approximately <br /> $404.57$ $850.000 annually. <br /> 0 34x4,576 <br /> Q $404,57$ A If the campany Continues to rent the facility for <br /> 0 $4L .s76 the full ten years,the Countywill have <br /> 0 $44,576 collected approx_ $6.2 million in lease <br /> 0 <br /> $404,576 revenue. <br /> Market Rent <br /> E.1ald <br /> 2%1wemm * If the company exercises the option to <br /> 2%Increase purchase,they will pay approx_ X85,000 <br /> m 2%Increase annually in property taxes <br /> ORANGE COUNTY <br /> a NOWn a CAROLL A <br /> 2 <br /> 3 <br /> 4 Slide #7 <br /> Performance regiment <br /> * Total financial impact not to exceed $2,000,000 payable in up to four <br /> installments equaling the actual eligible expenditures then incurred <br /> by the Company over a period of two years from the first installment. <br /> a These funds will be used to offset facility developrrpent,upfiit, <br /> remodeling, expansion, and acquisition costs. <br /> ORANGE COUNT"y <br /> 7 NOR T1 f+:;:S47iA M-1 <br /> 5 <br /> 6 Steve Brantley said that they are required to create 360 fulltime positions at an annual <br /> 7 average salary of $60,665 plus full benefits. He said that if the company fails to meet these <br /> 8 targets, the financial penalty of $500 per job will accrue annually and be added to the purchase <br /> 9 price of the building. <br /> 10 <br />