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6 YEAR <br />MACRI'S ITALIAN BAKERY, INC. <br />05- May -93 <br />Real Property Abatement <br />-------------------------------- <br />Schedule <br />Total estimated Project Cost: <br />$550,000 <br />Base Assessed Value: <br />$183,333 <br />(Approx. <br />1/3 Project Cost) <br />Assume constant tax rate of: <br />14.3955 <br />Assessed <br />Tax <br />Tax <br />Year <br />Abated Value <br />Abated <br />Paid <br />1 <br />100 $0 <br />$26,392 <br />$0 <br />2 <br />85 27,500 <br />22,433 <br />3,959 <br />3 <br />66 62,333 <br />17,419 <br />8,973 <br />4 <br />50 91,667 <br />13,196 <br />13,196 <br />5 <br />34 121,000 <br />8,973 <br />17,419 <br />3 6 <br />17 152,167 <br />4,487 <br />21,905 <br />-- - - <br />- - -- -- <br />$92,899 <br />- - - - -- - <br />$65,452 <br />Without Abatement: <br />$158,351 <br />With Abatement: <br />65,452 <br />Amount Abated: <br />92,899 <br />In <br />