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HomeMy Public PortalAboutEDAC WorksheetTown of Fraser Modeling of Sales Tax Incentives/Refunds First Year Retail Revenue Increment Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 20 Year Total Est Building Cost Bld Sq. Foot Bld cost per Ft. 2000000 100000 Retail Revenues 2000000 2100000 2200000 2300000 2400000 2500000 2600000 2700000 2800000 2900000 3000000 3100000 3200000 3300000 3400000 3500000 3600000 3700000 3800000 3900000 59000000 4500000 15000 300 Refund% 1 1 1 1 1 0.5 0.5 0.5 0.5 0.5 0 0 0 0 0 0 0 0 0 0 Building Cost Refunded Developer Share Tax 80000 84000 88000 92000 96000 50000 52000 54000 56000 58000 0 0 0 0 0 0 0 0 0 0 710000 0.157777777777778 Town Share Tax 0 0 0 0 0 50000 52000 54000 56000 58000 120000 124000 128000 132000 136000 140000 144000 148000 152000 156000 1650000