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5 <br /> ► t <br /> Y `FkCt <br /> .�y' �, ;�' MYd•AtlamiStihY[ne, <br /> MEOW 4L <br /> At- <br /> Basis to Calculate the Value of Orange County Performance-Based Incentives <br /> 1) INVESTMENT — The Orange County incentive is based only on the $6,000,000 personal <br /> property investment, and on the estimated $500,000 to $1,000,000 in net new real property <br /> investment for upfit improvements to be made to the existing building. <br /> Real Property: <br /> Up to $9.25 million for an existing building, which includes CITEL making up to $1,000,000 in new <br /> building upfit improvements. The value of the existing building is not included in the County's <br /> incentive calculation. <br /> Personal Property: <br /> $6,000,000 in new taxable machinery and equipment investment. <br /> $9,250,000 $0 $0 $0 $0 $9,250,000 <br /> $2,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $6,000,000 <br /> $11,250,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $15,250,000 <br /> 2) EMPLOYMENT — CITEL will add net new employment consistent with the job growth chart <br /> below. If annual job targets are not achieved, the annual incentive payment will be reduced by <br /> $500 per full time equivalent employee not hired. By year 2029, the company will create 79 new <br /> positions with an average salary of $83,611 per year. <br />