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6 <br /> New Full- <br /> Time Jobs or= 3 43 11 11 11wRL 79 <br /> ?I <br /> The proposed inducement payment will be in the form of a performance-based grant payable in <br /> up to five (5) installments over a five-year period at an amount equal to 75% of CITEL' s projected <br /> net increase in real and personal property tax valuation over the five-year investment period as <br /> outlined in the chart above for 2026 — 2030. It ensures that annual tax revenues from the project's <br /> additional investment, net of annual incentive payments, remain positive in all years of the <br /> incentive agreement. <br /> frange County Revenue Projections <br /> $17,553 $22,660 $27,255 $31,392 $35,050 $133,910 <br /> Tax <br /> Incentive -$13,165 -$16,995 -$20,442 -$23,544 -$26,288 -$100,433 <br /> Payment <br /> Annual <br /> Net $4,388 $5,665 $6,814 $7,848 $8,763 $33,478 <br /> OrangeRevenue <br /> New Property Tax Revenu $263,313 <br /> Incentive Payment -$100,433 <br /> Total $162,880 <br /> Additional Partner Participation <br /> (1) The State of North Carolina has offered CITEL the following incentive programs to <br /> encourage the company to locate the manufacturing facility in Orange County, instead of <br /> choosing competing locations in other states, and, subject to approval of local County <br /> government incentives. <br /> State of North Carolina— Incentives 0i <br /> State Tax Exemption on Machinery & Equipment Purchases $270,000 <br /> One North Carolina Fund $50,000 <br /> N.C. Community College System's Customized Training Value $118,500 <br /> Work Opportunity Tax Credit (WOTC) $52,800 <br /> Federal Bonding Program $90,000 <br /> Job Ready Grants $10,000 <br />