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2009.11.09 EDA Packet
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2009.11.09 EDA Packet
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9/1/2017 11:39:54 AM
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9/1/2017 11:39:54 AM
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Commissions
Meeting Date
11/9/2009
Document Type
Agenda/Packets
Commission Name
EDA
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1��ictern <br /> Federal and State Tax Bracket 35% Annual Payment $157,552 <br /> Inflation 2% Monthly $13,129 <br /> Capital Gains 25% Net PSF $15.76 <br /> Sq Ft Total Building 10,000 <br /> {?idler rpi-, oll nit rretr__l`r rztrri i ,nrt(rtrr€+art <br /> Bank payment $15.76 $ 13,129.30 <br /> Est.Taxes $66.534 $6.65 $ 5,544.50 Office Rate $11.00 $ 9,166.67 <br /> Est.Operating Expenses $3.75 $ 3,125.00 Warehouse Rate $6.00 $ - <br /> Sub Total $26.16 $ 21,798.80 Blended $11.00 $ 110,000.00 <br /> Estimated Tax Savings $ (5,802.12) Monthly $ 9,166.67 <br /> Depreciation $ 1,417.27 Tax and Cam $3.50 $ 2,916.67 <br /> After Tax Savings Estimate $17.50 $ 14,579.41 Per month $14.50 $ 12,083.33 <br /> Principal Reduction(Average vearone) $ 2,096.31 Estimated Tax Savings $ 4,229.17 <br /> After Prici le Reduction $14.98 $ 12,483.09 Total After Tax Savings $9.43 $ 7,854.17 <br /> Tlf Reimbursment $ (3,937.66) <br /> All numbers are a gage to establish viability of project. All numbers should be reviewed with legal and or accounting professional before a decision is made to purchase <br /> 12:12 PM <br /> Michael A.Brass I Vice President 11/6/2009 <br /> 612.750.4312 1 mike Omikebrass.com Page 1 of 1 <br />
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