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06-B Kimberly-Clark Tax Abatement
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06-B Kimberly-Clark Tax Abatement
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Last modified
8/17/2012 1:07:06 PM
Creation date
5/4/2006 5:43:34 PM
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Template:
AGENDA
Item Number
06-B
AGENDA - Type
RESOLUTION
Description
Tax Abatemetn Agreement with Kimberly-Clark Corp.
AGENDA - Date
5/8/2006
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<br />Exhibit F <br />Tax Abatement for Real Property; Creation of Jobs <br />Kimberly Clark <br /> <br /> <br /> Annual <br />Year Abatement Abatement % Appraised Value Abatement Amount <br /> Schedule" <br />1 100% 100.0% $ 20,000,000.00 $ 20,000,000.00 <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 80% 80.0% $ 17,700,000.00 $ 14,160,000.00 <br />6 60% 60.0% $ 17,700,000.00 $ 10,620,000.00 <br />7 40% 40.0% $ 17,700,000.00 $ 7,080,000.00 <br />8* 0% 0.0% $ 17,700,000.00 $ - <br />9 0% 0.0% $ 17,700,000.00 $ - <br />10 0% 0.0% $ 17,700,000.00 $ - <br />11 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 4 years the company will receive <br />100% of the original abatement percentage.) <br /> <br />_.~,w~~.~_,."..~. <br />
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