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<br />Comparison of Business Subsidy associated with lot purchase
<br />Morrell
<br />Classic Acrylics Preferred Powder Sportech** Trucking* GATR**
<br />(RST Cayo, LLC)Coating(proposed)(proposed)(proposed)
<br />Alliance MachineCDI (OBrien)METSportech
<br />2013201520152015
<br />20052005200520052008
<br />Upfront Purchase Price (paid at
<br />$ 207,956.00 $ 276,940.00 $ 229,996.80$ 194,452.00 $ 1.00
<br /> $ 1.00 $ 1.00 $ 349,351.00 $ 1,316,695.00
<br />closing)
<br />Total Purchase Price (Land
<br />value adjusted after receipt of
<br />$ 74,009.00 $ 138,470.00 $ 114,998.40$ 119,452.00 $ 809,346.00
<br /> $ 680,695.00 $ 1.00 $ 349,351.00 $ 1,316,695.00
<br />subsidy payments used
<br />specifically for land cost)
<br />$ 0.60 $ 0.86 $ 1.00 $ 1.11 $ 2.00 $ 1.51$ 0.00$
<br /> 2.00 $ 2.04
<br />Price per sqft
<br />Business Subsidy
<br />TIF
<br /> $ 1,153,878.00
<br />$ 133,947.00 $ 138,470.00 $ 114,998.00$ 75,000.00 $ 460,000.00
<br />TAF
<br /> $ 500,000.00 Amount not known Amount not known
<br />1015151012
<br /> Number of years
<br />8 (ending in 2023)
<br />$ 100,000.00
<br />Microloans
<br /> $ 100,000.00
<br />Land write down
<br /> $ 1,288,589.00
<br />Forgivable loan
<br /> $ 200,000.00
<br />$ 500,000.00
<br />Other state funds
<br />$ 133,947.00 $ 138,470.00 $ 114,998.00$ 75,000.00 $ 1,060,000.00$ 1,453,878.00 $ 1,788,589.00 $ - $
<br /> -
<br />Total business subsidy
<br /> $ 46,836.00
<br />Estimated levy impact 2015$ 14,551.37$ 14,925.04 $ 12,749.24$ 2,143.72$ 43,273.82
<br />* Subsidy not yet applied for.
<br />** Subsidy not yet applied for. Two lot purchase
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