Confirming Tax Abatement - 1401 South Main Street - Blk, LLC d/b/a Old Fort Building Supplyed

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YEAR REAL PROPERTY TAXES 2006 - $1275.00 2005 - $1211.44 2004 - $0.00 2003 - $0.00 2002 - $0.00 2001 - $0.00 PERSONAL PROPERTY TAKES $o.oo $0.00 $0.00 $0.00 $0.00 $0.00 13. Describe the commitment made within the past five years by your firm to hiring minority individuals, including number of minorities employed during each of the past five years, specifying whether full time or part-time and whether permanent or temporary employees. The Petitioner shall also list the current number of total employees (full and part-time) and the current number of minority individuals (fi111 and pant.-time) . Our minority employment history is as follows: 2006 - 3 Two frill time, one part time Total employees - 20 2005 - 2 One frill time, one part time Total employees - 18 2004 - 0 Total employees - 18 2003 - 0 Total employees - 18 2002 - 1 One full time Total employees - 17 2001 - 1 One full time Total employees - 17 All employees have been permanent 1.4. What is your best estimate of the after rehabilitation market value of the Property? $zso,ooo.oo 15. Describe any on-site child care or day care facilities, services or benefits currently offered or proposed to be offered by the Petitioner for children of employees. None 16. What is your best estimate of the amount of taxes to be abated during each of the first five (5) years after rehabilitation? Year 1 - 100% or $4,034.81 We are assuming a new assessed value of Year 2 - 75% or $3,026.1 I $100,000. The tax due on that assessment Year 3 - 50% or $2,017.41 would be $4,034.81. Year 4 - 25°ro or $1,008.70 ($100,000 * .OS 1524 = $5,152. * .216906 = $4,034.81) 17. What is the commitment your firm makes to minority employment during the ne~'- five years? We currently employ a 15% minority base. We plan to continue this trend or increase the percentage if qualified minority individuals are available. (Revised 6/17/02) 3