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��� q�a.-4 }• t� � r <br /> - . <br /> a <br /> e <br /> _ I Fdid-Wut1i�S#hi uk <br /> NAX <br /> ir <br /> ca <br /> 1 <br /> 2 <br /> 3 Basis to Calculate the Value of Orange County Performance-Based Incentives <br /> 4 1) INVESTMENT — The Orange County incentive is based only on the $6,000,000 personal <br /> 5 property investment, and on the estimated $500,000 to $1,000,000 in net new real property <br /> 6 investment for upfit improvements to be made to the existing building. <br /> 7 <br /> 8 Real Property: <br /> 9 Up to$9.25 million for an existing building, which includes CITEL making up to$1,000,000 in new <br /> 10 building upfit improvements. The value of the existing building is not included in the County's <br /> 11 incentive calculation. <br /> 12 <br /> 13 Personal Property: <br /> 14 $6,000,000 in new taxable machinery and equipment investment. <br /> 15 <br /> Investmen <br /> Real $9,250,000 $0 $0 $0 $0 $9,250,000 <br /> Property <br /> Personal $2,000,000 $1,000,00 $1,000,00 $1,000,00 $1,000,00 $6,000,000 <br /> Property0 0 0 0 <br /> $11,250,00 $1,000,00 $1,000,00 $1,000,00 $1,000,00 $15,250,00 <br /> • - 0 0 0 0 0 0 <br /> 16 <br /> 17 2) EMPLOYMENT — CITEL will add net new employment consistent with the job growth chart <br /> 18 below. If annual job targets are not achieved, the annual incentive payment will be reduced by <br /> 19 $500 per full time equivalent employee not hired. By year 2029, the company will create 79 new <br /> 20 positions with an average salary of$83,611 per year. <br /> 21 <br /> 2025 2026 2027 20281 ' Total <br /> New Full- <br /> • • <br />