Res 2018-184/approving a Chapter 380 Economic Development Incentive Agreement with Katerra, Inc. to locate an Automated Building Component Manufacturing and Distribution Facility along State Highway 80 East of State Highway 21, which agreement provides i

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EXHIBIT 66C51 Although the improvements will be completed in 2020, the full value of the completed improvements for purposes of calculating any Grant Payments will not be reflected on the tax rolls until January 1, 2021. Similarly, the Jobs required will be based on the number of Jobs created as of December 31, 2021. Accordingly, the first Grant Payment application and payment cannot be made until 2022, when all information for the 2021 Reporting Period is available. Percentage of Additional Grant Payment for Year Performance Required Prior Year's Property Taxes to be Rebated Performance as a Grant Payment 2018 Start Improvements No N/A Pursue completion of 2019 Improvements No N/A Improvements Completed, 2020 Initial Jobs and Begin to No N/A Operate Business 2021 Improvements on Tax Roll, Jobs No N/A and Operate Business 2022 Improvements on Tax Rall, Jobs Yes* 80% and Operate Business 2023 Improvements on Tax Roll, Jobs Yes 80% and Operate Business 2024 Improvements on Tax Rall, Jobs Yes 80% and Operate Business 2025 Improvements on Tax Roll, Jobs Yes 70% and Operate Business 2026 Improvements on Tax Rall, Jobs Yes 70% and Operate Business 2027 Improvements on Tax Rall, Jobs Yes 70% and Operate Business 2028 Improvements on Tax Roll, Jobs Yes 60% and Operate Business 2029 Improvements on Tax Roll, Jobs Yes 60% and Operate Business 2030 Improvements on Tax Roll, Jobs Yes 60% and Operate Business 2031 Improvements on Tax Roll, Jobs Yes 60% and Operate Business Although the improvements will be completed in 2020, the full value of the completed improvements for purposes of calculating any Grant Payments will not be reflected on the tax rolls until January 1, 2021. Similarly, the Jobs required will be based on the number of Jobs created as of December 31, 2021. Accordingly, the first Grant Payment application and payment cannot be made until 2022, when all information for the 2021 Reporting Period is available.