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<br />Economic Impact of <br /> <br />FarATo Moorhead <br /> <br />g ~nomiC Development Corporation <br /> <br />Tharaldson Ethanol <br />Plant <br /> <br />March 5, 2007 <br /> <br />It is estimated that the facility, its new employees and workers in new spin-off jobs <br />created in the community will have the following economic impact on the <br />community over the next ten years: <br /> <br />-,;.' Number of new direct jobs to be created <br />.~.' Number of new indirect jobs to be created <br />,~." Salaries to be paid to direct and indirect employees <br />..;. Taxable spending expected in Cass County <br />..;. New Taxable Assets at Year 10 <br /> <br />38 <br />127 <br />$45,203,557 <br />$31,256,125 <br />$24,572,921 <br /> <br />The net benefits for local taxing entities (the extent to which revenues exceed <br />costs) from the new or expanding facility will be as follows, over the next ten <br />years assuming a ten year tax abatement as outlined in the County's adopted tax <br />exemption guidelines: <br /> <br />Entity Benefits Costs Net Benefits <br />City of Casselton $190,256 $66,322 $123,934 <br />Casselton Township $59,130 $0 $59,130 ~ <br />Central Cass School District $1,037,611 $185,856 $851,755 <br />Cass County $184,384 $9,417 $174,966 <br />TOTAL - all iurisdictions $1,903,701 $363,209 $1,540,492 -~ <br /> <br />Taxes to be Paid by the Firm <br /> <br />Entity Taxes Paid ! -. <br />Taxes Exempt i <br />Cass County $167,519 $534,495 --j <br />Central Cass School District $538,231 $1,717,307 <br />Casselton Township $55,886 $178,311 ~ <br /> - <br />TOTAL TAXES - all $835,593 $2,572,587 <br />I I <br />jllri_sdic~ions I <br />--- -,----~ __-1 <br /> <br />~-.<'~ <br />