Laserfiche WebLink
<br />Exhibit B <br />Tax Abatement for Personal Property; Creation of Jobs <br /> <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 80% 80.0% $ 17,700,000.00 $ 14,160,000.00 <br />5 60% 60.0% $ 17,700,000.00 $ 10,620,000.00 <br />6 40% 40.0% $ 17,700,000.00 $ 7,080,000.00 <br />7 20% 20.0% $ 17,700,000.00 $ 3,540,000.00 <br />8* 0% 0.0% $ 17,700,000.00 $ - <br /> <br />* Starting the 8th 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. In year 4 the company will <br />receive 80% of the original abatement percentage.) <br />