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06&07 Tax Abatement Campbell Soup
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06&07 Tax Abatement Campbell Soup
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Last modified
3/24/2006 12:01:54 PM
Creation date
3/23/2006 4:53:33 PM
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Template:
AGENDA
Item Number
06&07
AGENDA - Type
RESOLUTION
Description
Tax Abatement Agreement for Campbell Soup Supply Company LLC
AGENDA - Date
3/27/2006
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<br />Exhibit 0 <br />Tax Abatement for Personal Property; Creation of Jobs <br />CAMPBELL SOUP SUPPLY COMPANY LLC. <br /> <br /> <br /> Annual <br />Year Abatement Abatement % Appraised Value Abatement Amount <br /> Schedule** <br />1 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />2 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />3 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />4 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />5 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />6 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />7 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />8 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />9 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />10 100% 100.0% $ 17,700,000.00 $ 17,700,000.00 <br />11* 0% 0.0% $ 17,700,000.00 $ - <br /> <br />* Starting the 11 th year the company will pay 100% of their taxes. <br /> <br />.. This schedule shows how the original abatement % is affected for a <br />specific year. (Example: During the first 3 years the company will receive <br />100% of the original abatement percentage.) <br />
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