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G
<br />60, tiv F,cF. 1 S
<br />City of Sanford Lee County
<br />In a Development Zone
<br />SouthPark Business Center
<br />Real - 1,000,000
<br />Machinery - 1,500,000
<br />Jobs -
<br />Local Incentives
<br />Real
<br />1)
<br />County City
<br />95% _ $950,000 $950,000
<br />x $0.0067 County tax rate x $0.0056 City tax rate
<br />$6,365 $5,320
<br />x 5 years x 5 years
<br />$31,825
<br />$31,825
<br />$26,600
<br />$58,425 x 1/2 =
<br />$29,213
<br />Machinery
<br />County
<br />92% =
<br />$1,380,000
<br />x $0.0067
<br />85% =
<br />$1,275,000
<br />x $0.0067
<br />79% =
<br />$1,185,000
<br />x $0.0067
<br />70% =
<br />$1,050,000
<br />x $0.0067
<br />61% =
<br />$915,000
<br />x $0.0067
<br />$38,894
<br />$32,508
<br />$71,402 x 1/2 =
<br />~)zb,buu
<br />C
<br />_ $9,246
<br />x $0.0056 =
<br />$7,728
<br />_ $8,543
<br />x $0.0056 =
<br />$7,140
<br />_ $7,940
<br />x $0.0056 =
<br />$6,636
<br />_ $7,035
<br />x $0.0056 =
<br />$5,880
<br />_ $6,131
<br />x $0.0056 =
<br />$5,124
<br />$38,894
<br />$32,508
<br />$35,701
<br />Local Incentives (City/County) State Incentives (North Carolina)
<br />Machinery - 5% $75,000
<br />Real $29,213 Jobs - $5000/job $5,000
<br />Machinery $35,701 Worker Training - $1000/job $1,000
<br />TOTAL $64,913 TOTAL $81,000
<br />INCENTIVE PACKAGE
<br />STATE $81,000
<br />LOCAL $64,913
<br />TOTAL $145,913
<br />Based on information provided in accordance wilh oar policy. 5/3112005
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