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EXHIBIT F - PROPOSED ORANGE COUNTY INCENTIVE
<br /> Project "Sunny" Morinaga Orange County NC Proposed Incentive
<br /> ----------------
<br /> Project "Sunny"Mmorin -- - 1 -- ---- --- -_ -
<br /> I I
<br /> 5127,077,000 $0.8629r
<br /> s : 204 75% of new property tax for 5 years j
<br /> M10% -
<br /> Reai $4877,000 530655000 $32,789,0001 $328050001 S32,8060001 $32,806,000 ' $32,80610001 532,806,00) 1 132,806,000 $32,806,0001 $32,80610001 5321806,000
<br /> Pers Prop Yr 1 1
<br /> 1-5,651,9221
<br /> 561
<br /> Pers Prop Yr 2 I_- $23,855, � - _ $45 919,001 $41,327100i - $37,194, 3901 $3,474 951 � $30,727,455 ! $27,114,7101 - $24,403,239 i $211,952,9151 $19,766,624 $17 789,9511 - 5450919,000
<br /> 2,6001
<br /> 0011
<br /> Pers Prop Yr 4 Pers Prop Yr 3 ) Sot $20,6710$ 1 . 5181603900 675, 00 $
<br /> 1 $607 5001- $1 $540,0001 $472 500 $1 $4054000 i $
<br /> $33735000 _5 $277Q00? 1 _ - $202:5001 $2 $675_000 '
<br /> rs PY - 1 - i -_ - - - - sot
<br /> $3, 150000i - $2,835,000 $2,5200J01 - 52205,003Sol So fl -51,890,C 1- $1575,OSoi $126£?,0001- $3150,000
<br /> Pers Pro Yr 5 $0 Sot -
<br /> Pers
<br /> Pers Pro Yr 6 $fl $0
<br /> Pers Prop Yr 7 50 SO ' Sol
<br /> $0 $fl $0 ` SO 50 50 $O $o ,
<br /> ---- I _ � i -- -- I -- �-
<br /> Tax Value - - 1 $28 733,000I $98 044� $114,110 460 $106 670,3141 $102,2271731 $94,8641885 $871993 8671 $81564,990 $75,534041 $59,8b1,227 $64510 734I S127,077,000
<br /> Property Tax .__1_ - _ Sol $247,937 ' $846 025 - $984,6591 $920 4581 $882,118 ; - $818,589] S759,2991 5703,8241- - S651,7831 $502,8331 $7,417,52b
<br /> Annual Net S01 $51 ..84i $634,519 $738,494 $690,344 $661,589 $0 ' ' Sf31 _._ $0 52 510% 58
<br /> - - -
<br /> Incentives SO $$61 53 S211506 $246,ib5 $230, 115 $220 530 5B18 589 $759,299 - 5703 824 5651,783 -$602,833 SOb b281
<br /> Cash Flow -$01 $61,984{ 5273 4911 $519 655 ! 5749 770 -- $970,299 $1,788,889 $2 548, 1881 53,252,0121 53 S03,7951 $4,506,628I
<br /> _I - - - 1 1 - -- 1 1t
<br /> S4,5001000 - --
<br /> 1, $4,000,000 - --
<br /> - S3,500,C00 - - - - -
<br /> - $31COO,C00 - -
<br /> SO),Soo coo - - I- - --
<br /> 52,CODIC00
<br /> 1 51,500,000 - -- - - -
<br /> - . . 51,0001C00 _.. __ _.__ .._ ._-_ __ -------
<br /> ___ SSoo,aoo - ---- -- -
<br /> so
<br /> Yr 1 (2024) Yr 2 ( 2025) Yr3 (2026) Yr4 (2027) Yr 5 (2028) Yr6 (2029) Yr7 ( 2030) Yr8 (2031) Yr9 (2032) Yr 1012033) Yr 11 (2034)
<br /> --- Annual Hat Cash Fiver - -------
<br /> 01 0l 57 511 481 36 12 0 ! fl 01 0 ) 2041
<br /> 4863 -5202 -3475 .v.5
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