|
Exhibit A
<br />Indiana Tax Abatement Results
<br />or Morgan County, Mooresville Town
<br />n Tax Rate (2019):1.8961
<br />e Project Name: RDC Spec Bldg.
<br />Real Property: $4,175,000.00
<br />With Abatement
<br />Abatement
<br />Percentage Property Circuit 81'eaker
<br />Taxes Tax CTed t
<br />Without Abatement
<br />Estimated Tax
<br />Net Texs
<br />Nal Abatement Savin
<br />PalCircre
<br />Circuit Baker pro eri 9
<br />Property Taxess Tax Credit P y
<br />Taxes Taxes
<br />Year
<br />100%
<br />$0.00
<br />50.00
<br />$000
<br />$79,162.00
<br />$0.00
<br />$79,162.00
<br />$79,162.00
<br />Year
<br />95%
<br />$3,958.60
<br />$0.00
<br />$3,950,00
<br />$79,162.00
<br />$0.00
<br />$791162.00
<br />&75,204.00
<br />Year
<br />80%
<br />$15,832,00
<br />$0.00
<br />515,83200
<br />$79.16200
<br />$0,00
<br />$79,16200
<br />$63330.00
<br />Year4
<br />65%
<br />$27,707,00
<br />$0.00
<br />527,707.00
<br />$79,162.00
<br />$0.00
<br />$79,162.00
<br />$51.455.00
<br />Year
<br />50%
<br />$39,581.00
<br />$0.00
<br />$39,581.00
<br />$79,16200
<br />80.00
<br />$79,162.00
<br />$39,581.00
<br />Year
<br />40%
<br />$47,497.00
<br />$0.00
<br />$47497.00
<br />$79,162.00
<br />$0.00
<br />$79,162.00
<br />$31,665.00
<br />Year
<br />30%
<br />$55,414.00
<br />$000
<br />$55,414.00
<br />$79,162.00
<br />$0.00
<br />$79,162.00
<br />$23,748.00
<br />Year
<br />20%
<br />$63,330.00
<br />$0.00
<br />$63,330.00
<br />$79,16200
<br />$0.00
<br />$79.162.00
<br />575,832.00
<br />Year
<br />10%
<br />$71246.00
<br />$0.00
<br />$71,246.00
<br />$79,162.00
<br />$0.00
<br />$79,162,00
<br />$7,916,00
<br />Year 10
<br />5%
<br />$75,204.00
<br />$0.00
<br />$75,20400
<br />$79,162.00
<br />$0.00
<br />$79,162.00
<br />$3958.00
<br />Totals
<br />$399,769.00
<br />$0.00
<br />$399,769.00
<br />$791,620.00
<br />$0.00
<br />$791,620.00
<br />$391,857.00
<br />Disclosures
<br />a The abatement sr,p l¢r is Prepared by Baker Tilly Municipal Advisers. LLC afirs rotor consehinq lir in, in cmtjundi with Herder Erol based on current Indians few_
<br />This ealoulatrai is intended to pol an ILLUSTRATIVE and PRELIMINARY Indlcelien of the level ¢f properly taxes and potential property tax savii9s for a proposed
<br />traded nl based oa certain assumptions. PI¢ase read Iha Do des -res rin In 11, Companies offer cons UP their own tax advisors to determine their actual tax lability and It
<br />prepare their annual Indiana Ntrys.
<br />e To be ertglbie 1¢rvonwe proton, lax ahatemeols in banisters. company must fallow a speoillc pride alien process.been, purled your Hoosier Ere,gy Repralaerapvs for
<br />Nhher breaded
<br />e Assumed texas payable 2019 propsely tax rales, as provided by the near. Deparlment of Local Noverrnnenl Finance.
<br />a Real property in Indiana is subject to annual adlu6lmaola el aesesded veno m the Ni value d the shoalurs based on allison [as ads( Trending').
<br />o All parsooal pIape,iy(ogvlpnlenp is aseumedto be new, and is assumed NO ba depreciated in Pall 42(5-0 yad,depreclable Me)ex property lax purposes. A mixture of new
<br />and existing sgbrienlde well as a mixture of depreclalion Peals) tell finished difeen tax.1ir" resulls.
<br />e Assumes st.,Is Nine 111vesbpe t In real and personal pro11111 9aggan" the reestre nis may have a material e11x1 on he aquas Veber of paperly las deserters
<br />o Includes the calculeven of femorom Value Rod. fMVR)let lzz a deemont of lestonal property, whici daclively increases the assessed .be used in the abatement
<br />calculis Ion when the taxpayer is suhjact to file 30'm depreo ttmn floor. I he MVH equals lire averted assessed value It the 30%floe, divided by the depredated assessed
<br />value of the e in,ax d,
<br />o It Is assumed that the t n.k Breaks, Tax Gnarl,.vbich 0.mbs p,oport, lax tmbllity to 3e N of gross assessed vabo far sed morciel and iodualrlal prelxrres, is deldINad.
<br />e Does not acegunl los tire apskatibn of the Local )ncorne Tax (LIT) Property Tax Holdreemont Credit (PTRG) If any judsdotlors In whla i a LIT PTRG Is aso eaWe. The
<br />appNcatipn 01 the LIT PTRG may redtme the properly lax totally and the impaq or the Cimult Breaker Tax Credit tar a cerevnerciapinbrsirof texpayer.
<br />e Theproperty tax abatement saving value Is an ESUMATE bared on pralfirroor, I T con--ironstrolled intoIt, purdletp[AnNalabalententsl,,idi may bid, maledal Irom
<br />the resulls of re" deltulatm based on me Ilming of I're iuveslm rr, aortal aeseo,i of structures need compl¢hall by Iha fecal assessing bater.f, drlryxi cep in depreciared
<br />pools to, personal property, anm,hf changes In lax rates. changes to Indiana property tax Imv or repoiricns, or shonges In asaessmenl ntefhodolegy.
<br />Hoosier Energy's Tax Abatement Estimator was developed with the assistance of Baker Tilly Murlcioal Advisors. L C.
<br />
|