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19 <br /> 1 Slide#8 <br /> Oranqe County's Performance-Based Incentive <br /> • Performance-based incentive on 204 new jobs and <br /> $127,077,000 in capital investment. <br /> • Up to $2,910,898 in total potential County incentive to be <br /> paid upon verification of actual jobs and investment that is <br /> added per year. (Net revenue positive in all years). <br /> • Incentive value calculated at 75% of actual new property <br /> tax valuation in the first 5 years. (Same incentive formula <br /> as previously approved by the BOCC for ABB, Medline <br /> Industries, and the first Morinaga incentive in 2013). <br /> ORANGE COUNTY <br /> a NORTH CAROLINA <br /> 2 <br /> 3 <br /> 4 Slide #9 <br /> Orange County's Performance-Based Incentive <br /> Revenue Projections: <br /> Orange County Revenue Projections (first 5 years) <br /> VNEW <br /> •• $247,937 $846,025 $984,659 $920,458 $882,118 $3,881,197 <br /> -$1851953 -$634,519 -$738,494 -$690,344 -$661,589 -$2,910,898 <br /> $61,984 $211,506 $246,165 $230,115 $220,530 $970,300 <br /> Orange <br /> New Property Tax Revenues $7,417,526 <br /> Incentive Payments -$2,910,898 <br /> Total Net Revenues $4,606,628 <br /> ORANGE COUNTY <br /> 5 NORTH CAROLINA <br /> 5 <br /> 6 <br /> 7 <br /> 8 <br />