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008 <br />® EXHIBIT D <br />TO AGREEMENT BETWEEN <br />CITY OF SANFORD <br />AND <br />LEE COUNTY ECONOMIC DEVELOPMENT CORPORATION <br />DESCRIPTION OF PROJECT AND INCENTIVES <br />1. The Project: Construction of a plastic molding manufacturing facility <br />owned by Score Energy on McNeill Road in Sanford, Lee County, <br />N.C. The Company will develop a 340,000 square foot facility with <br />equipment and will have an additional initial ad valorem taxable value <br />(prior to depreciation) of at least $12,000,000.00 providing <br />employment for at least 125 people. <br />2. The Incentive: Estimated cost of the financial incentives for the <br />project is: <br />• Site preparation $67,048.00 <br />City of Sanford's share $38,681.00 <br />Lee County's share $28,366.00 <br />This contract covers the City of Sanford's share of the incentives described <br />above. It is anticipated that <br />the incentives will be <br />paid out as follows: <br />FISCAL YEAR <br />AMOUNT <br />PAYMENT DATE <br />2010-2011 <br />$5,673.20 <br />January 15, 2011 <br />2011-2012 <br />$5,673.20 <br />January 15, 2012 <br />2012-2013 <br />$5,673.20 <br />January 15, 2013 <br />2013-2014 <br />$5,673.20 <br />January 15, 2014 <br />2014-2015 <br />$5,673.20 <br />January 15, 2015 <br />E <br />23 oC25 <br />