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Hox 17 P~sF 940 <br />s <br />EXHIBIT D <br />2. The Incentive: Estimated cost of the financial incentives for the project <br />are: <br />TO AGREEMENT BETWEEN <br />COUNTY OF LEE <br />AND <br />LEE COUNTY ECONOMIC DEVELOPMENT CORPORATION <br />DESCRIPTION OF PROJECT AND INCENTIVES <br />1. The Project: Construction of a manufacturing facility owned by Saiden <br />Technologies, Inc. located at Lee County Industrial Park, Lee County, <br />N.C. Saiden Technologies, Inc. will construct at least a 25,000 square <br />foot facility and will have a cumulative initial ad valorem taxable value <br />(prior to depreciation) of at least $8,000,000 providing employment for at <br />least five people. <br />Site preparation <br />Lee County's share <br />11 <br />$250,000 <br />$126,750 <br />This contract covers the County of Lee's share of the incentives described above. <br />It is anticipated that the incentives will be paid out as follows: <br />FISCAL YEAR <br />AMOUNT <br />PAYMENT DATE <br />2000-2001 <br />25,350 <br />July 15, 2001 <br />2001-2002 <br />25,350 <br />July 15, 2002 <br />2002-2003 <br />25,350 <br />July 15, 2003 <br />2003-2004 <br />25,350 <br />July 15, 2004 <br />2004-2005 <br />25,350 <br />July 15, 2005 <br />4 <br />01 51. <br />8 <br />