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9 <br /> Slide #6 <br /> Lease Agreement <br /> ® * Based on current commercial rates,the <br /> 0$25o,00aIniWDeQoM market rent would total approximately <br /> 0 $404.57r, $850,000annually. <br /> © $404,576 <br /> © $404,576 + If the company continues to rent the facility for <br /> 0 W4,576 the full ten years,the Coo ntywill have <br /> © $404.576 collected approx_ $6.2 million in lease <br /> 0 $404,576 revenue. <br /> Market Rent <br /> 0 2%Incaase If the company exercises the option to <br /> 0 2%1-coas. purchase,they will pay approx. $85,0W <br /> m 2%1, a** annually in property taxes <br /> ORANGE COUNTY <br /> a ?40 TI r CAROLINA <br /> Slide #7 <br /> Performance Agreement <br /> * Total financial impact not to exceed $2,000.000 payable in up to four <br /> installments equaling the actual eligible expenditures then inourred <br /> by the Company over a period of two years from the first installment. <br /> These funds will be used to offset facility development,upl'it, <br /> remodelling, expansion, and acquisition costs. <br /> GRANGE COUNTY <br /> r t-XWrl r CARC-YLI A <br /> Steve Brantley said that they are required to create 360 fulltime positions at an annual <br /> average salary of $60,665 plus full benefits. He said that if the company fails to meet these <br /> targets, the financial penalty of $500 per job will accrue annually and be added to the purchase <br /> price of the building. <br />