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9 <br /> 1 Slide #8 <br /> Proposed Performance Agreement Financial Terms <br /> . Tonal maximum County commitment - $3.1 b million for both phases <br /> - Retention for Project Performance <br /> Counly retains tan pereenl (10%)of the potenlial County commllment (S315,OM)untll fifty percent(50%)of the praWl <br /> is completed <br /> — Amar 54%complete, the retained amount is dia-crea,sed to rive percent(5%)of the total County commitment ($157,540) <br /> Finan completion is dependant on[h&Town of Hilsboroug h .accepting[Kenew infrastructura Into the Town system <br /> ORANGE COUIN Y <br /> a N' JR-1'11.CA R01J NA <br /> 2 <br /> 3 <br /> 4 Slide #9 <br /> Potential Financial Benefits send casts <br /> If the RTLP developer builds the planned 2.24 * The incentive would be financed over 20 years <br /> to 2.4 million squarefeet. the total capital and paid th roug h Attic le 46 sales tax revenue <br /> i nvestment would range from $224 million to <br /> $240 million 6 The highest annual debt service payment is <br /> $283,500 <br /> • Using the Cou nty's co rrent property tax rate <br /> (83.12 cents per$100 of value),the capital • Total principle and interest payments over the <br /> i nvestment would yield$1.88 miIIion to$2_0 20 year period would total$4,696,650 <br /> million in property tax col annually at full <br /> btjitd out <br /> Additional personal/business property such as <br /> racking systems for distribution,machinery and <br /> equipment by manufacturerswould generate <br /> additional investment <br /> ORANGE COUNTY <br /> 9 NOWE'l 1 CAROLINA <br /> 5 <br /> 6 <br /> 7 <br />