I.

Sedgwick County Economic Development Incentives: 2005-2011
The charts below detail the results of all Sedgwick County forgivable loans and economic development exemptions (EDX) approved between 2005 and 2011. Unreported numbers are not included in these figures as incentives granted in 2011 have not completed an initial compliance review and several companies have not reported up-todate job and average wage figures.
Sedgwick County Economic Development Incentives: Forgivable Loans 2005-2011 Number of Companies Loan Total 5th Year Job Commitment 5th Year Average Wage Commitment $41,400 $57,184 $29,500 $60,615 $44,949 $53,467 $44,165 November 2011 Job Actual November 2011 Average Wage Actual $42,786 $67,399 $26,000 $75,000 $127,505 $51,986 Total Repayment Received

Year

2005 *2006 *2007 *2008 *2009 *2010 *2011 Sub Total Less Repayment Total

2 3 2 2 4 6 6

$162,500 $217,000 $37,500 $5,850,000 $425,000 $331,500 $843,000 $7,866,500 $5,332,500

110 555 718 700 488 226 3797

112 386 581 255 165 147 -

$112,500 $0 $0 $5,000,000 $0 $0 $220,000

25

$2,534,000

6594

$47,326

1646

$65,113

$5,332,500

*Loans in these years have not reached the final year of their loan agreement as reflected in the data.

Sedgwick County Economic Development Incentives: Economic Development Tax Exemptions 2005-2011 2011 Total Appraised Value $967,570 2011 Total Taxable Value $28,407

Company Charles Engineering Husker Hawk LLC/North America Aviation, INC. Total

FTE Goal 11

FTE Actual 14

$209,990 $1,177,560

$6,165 $34,572

10 21

-22 -8

Completed by Becky Eby on 10/31/11

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For more detailed information on all forgivable loans and EDXs approved from 2005 to 2011 please see the detailed charts following this report.

II. Tax Increment Finance Districts: 2011
The chart below provides information on all active, approved tax increment finance districts (TIF district) located within Sedgwick County. While Kansas state statutes permit only cities to create TIF districts, and to divert taxes levied by the overlapping county and school district to city projects within district, Sedgwick County has the ability to evaluate and approve TIF districts by determining if the district will cause adverse effects on the County.
County Property Tax For 2011 Budget County Property Tax in Base Year Budget (All to County) $1,099.11 14,608.34 349.28 13,793.69 23,678.90 282,412.85 323,664.85 14,798.13 $674,405.15 1993 1996 $2,675,373.45 1,505,359.03 $4,180,732.48
1 2

Base Year Tax Increment Districts 21st & Grove East Bank Northeast District Redevelopment 1995 1995 1997 1999 2006 2007 2007 2009

County tax to County $1,145.91 12,807.20 339.60 31,175.47 22,199.87 304,587.09 184,749.38 14,545.95 $571,550.47 $3,405,563.50 2,475,015.69 $5,880,579.19
1 1

County tax to TIF/TDF district $35,421.75 345,424.05 7,812.66 255,161.12 15,082.16 749.45 $659,651.19 $661,177.39 288,491.26 $949,668.65

Total County tax $36,567.66 358,232.25 8,152.26 286,338.59 37,282.03 304,588.09 184,750.38 15,295.40 $1,231,201.66 $4,066,743.89 2,763,510.95 $6,830,254.84

% of total County tax to County 3.1% 3.6% 4.2% 10.9% 59.5% 100.0% 100.0% 95.1% 46.4% 83.7% 89.6% 86.1%

Old Town (Cinema II) Douglas & Hillside Center City South - Exchange Place Center City South - Arena KenMar TIF District Totals Tax Decrement Districts Gilbert Mosley North Industrial Corridor TDF District Totals

2

1

1

3

4

1 16.25% of this revenue distributed to Gilbert Mosley district and included in County tax to that district 2 10.44% of this revenue distributed to North Industrial Corridor district and included in County tax to that district 3 $502,143.67 of this revenue distributed to the East Bank, and Center City South districts and included in County tax to those districts 4 $255,161.12 of this revenue distributed to Old Town Cinema II district and included in County tax to that district

In addition to the chart above the following two maps show the location, as well as both the county and TIF district tax revenue for all approved, active TIF districts located within Sedgwick County in 2011. Completed by Becky Eby on 10/31/11 2

Completed by Becky Eby on 10/31/11

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Completed by Becky Eby on 10/31/11

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III. Appendix A: Sedgwick County 2005-2011 Forgivable Loans and EDXs Reports by Year
2005 Economic Development Incentives - Forgivable Loans Minimum Company Name Loan Amount Conditions at End of 5 Year Period 1. Accenture $112,500 N/A

Conditions Actuals as of November 2011

Notes

N/A

Due to Accenture's relocation outside of Sedgwick County the company repaid the principal in full as stated within the agreement.

2. Integra $50,000

New Positions: 110 Annual Payroll: $4.5 Million Average Wage: $41,400

New Positions: 112 Annual Payroll: $4.5 Million Average Wage: $42,786 Integra satisfied all of the conditions set forth in the agreement, and in some instances exceeded those conditions.

2006 Economic Development Incentives - Forgivable Loans Company Name 1. Invista $125,000 2. Burnham $62,000 Loan Amount Minimum Conditions at End of 5 Year Period New Positions: 266 Annual Payroll: $26.4 million Average Wage: $99,395 New Positions: 89 Annual Payroll: $2.9 million Average Wage: $32,656 3. Swift-Cor New Positions: 200 Annual Payroll: $7.9 million $30,000 Minimum Conditions as of Last Compliance Review New Positions: 266 Annual Payroll: $26.4 million Average Wage: $99,395 New Positions: 75 Annual Payroll: $2.4 million Average Wage: $32,656 New Positions: 200 Annual Payroll: $7.9 million Condition Actuals as of November 2011 New Positions: 277 Annual Payroll: $39.9 million Average Wage: $144,081 New Positions: 24 Annual Payroll: $1.12 million Average Wage: $24,000 New Positions: 85 Annual Payroll: $2.9 million Notes Invista not only met, but exceeded all conditions listed in their agreement. As of their fourth year review Burnham has not met any of the conditions of their agreement. Swift-Cor met the conditions for years one through two of the agreement, but did not met the conditions for years three through five of the agreement.

Average Wage: $39, 500

Average Wage: $39,500

Average Wage: $34,117

Completed by Becky Eby on 10/31/11

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2007 Economic Development Incentives - Forgivable Loans Company Name 1. Convergys $25,000 Loan Amount Minimum Conditions at End of 5 Year Period New Positions: 600 Annual Payroll: $12.1 million Average Wage: $20,000 New Positions: 118 Annual Payroll: $4.6 million Average Wage: $39,000 Minimum Conditions as of Last Compliance Review New Positions: 500 Annual Payroll: $10.1 million Average Wage: $20,000 New Positions: 113 Annual Payroll: $4.4 million Average Wage: $39,000 Condition Actuals as of November 2011 New Positions: 497 Annual Payroll: $10.7 million Average Wage: $21,000 New Positions: 84 Annual Payroll: $2.6 million Average Wage: $31,000 Notes Convergys has met, or exceeded, all conditions listed in their agreement as of their year four compliance review. As of their fourth year review ZTM has not met any of the conditions of their agreement.

2. ZTM $12,500

2008 Economic Development Incentives - Forgivable Loans Company Name 1. Cessna Loan Amount $5,000,000 (recommended amount) Minimum Conditions at End of 5 Year Period Minimum Conditions as of Last Compliance Review N/A New Positions: 600 Annual Payroll: $36.3 million Average Wage: $60,615 Condition Actuals as of November 2011 Notes Unable to fulfill their agreement Cessna paid back the principal amount in full as stated in the agreement. $850,000 was provided to Spirit up front with yearly installments, up to the full loan amount, contingent upon the company's ability to meet the yearly conditions of the agreement.

N/A New Positions: 700 Annual Payroll: $42.4 million Average Wage: $60,615

N/A New Positions: 255 Annual Payroll: $19.3 million Average Wage: $75,000

2. Spirit $1,610,000

Completed by Becky Eby on 10/31/11

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2009 Economic Development Incentives - Forgivable Loans Company Name 1. Flight Safety Loan Amount Minimum Conditions at End of 5 Year Period New Positions: 253 Annual Payroll: $15.4 million Average Wage: $61,650 New Positions: 85 Annual Payroll: $10.7 million Minimum Conditions as of Last Compliance Review New Positions: 59 Annual Payroll: $3.6 million Average Wage: $61,650 New Positions: 35 Annual Payroll: $8.3 million Condition Actuals as of November 2011 New Positions: 13 Annual Payroll: $922,815 Average Wage: New Positions: 35 Annual Payroll: $10 million Notes

$150,000

2. NexTech (Aerospace)

$225,000

3. Cox Machine $25,000

Average Wage: $47,175 New Positions: 50 Annual Payroll: $4.7 million Average Wage: $37,440 New Positions: 100 Annual Payroll: $3.4 million

Average Wage: $47,175 New Positions: 20 Annual Payroll: $3.6 million Average Wage: $37,440 New Positions: 38 Annual Payroll: $1.2 million

Average Wage: $47,175 New Positions: 96 Annual Payroll: $5.5 million Average Wage: $37,440 New Positions: 13 Annual Payroll: $435,890

As of their year two compliance review NexTech has not only met all conditions of the agreement, but has also retained 142 positions in addition to the 35 new positions created. As of their year three compliance review Cox Machine has met, or exceeded, all conditions of the agreement. As of their year two compliance review Premiere Processing has not met any of the conditions of their agreement.

4. Premiere Processing $25,000

Average Wage: $33,530

Average Wage: $33,530

Average Wage: $33,530

Completed by Becky Eby on 10/31/11

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2010 Economic Development Incentives - Forgivable Loans Company Name 1. Spartech $15,000 2. Airbus $200,000 3. Cargill 4. NexTech (Processing) Loan Amount Minimum Conditions at End of 5 Year Period New Positions: 18 Annual Payroll: $3.1 million Average Wage: $34,200 New Positions: 80 Annual Payroll: $10 million Average Wage: $126,000 New Positions: 10 New Positions: 55 Annual Payroll: $6.2 million Average Wage: $35,000 New Positions: 37 Annual Payroll: $1.7 million Average Wage: $21,216 New Positions: 26 Annual Payroll: $2.1 million Average Wage: $50,919 Minimum Conditions as of Last Compliance Review New Positions: 9 Annual Payroll: $2.8 million Average Wage: $34,200 New Positions: 40 Annual Payroll: $5 million Average Wage: $126,000 New Positions: 2 New Positions: 12 Annual Payroll: $4.7 million Average Wage: $35,000 New Positions: 6 Annual Payroll: $1 million Average Wage: $21,216 New Positions: 15 Annual Payroll: $865,000 Average Wage: $50,919 Condition Actuals as of November 2011 New Positions: Annual Payroll: Average Wage: New Positions: 106 Annual Payroll: $9 million Average Wage: $85,000 N/A Notes

$40,000

As of their initial compliance review Airbus has met, or exceeded the minimum conditions of their agreement. Cargill’s initial compliance review will be completed in December of 2011 NexTech’s initial compliance review will be completed in December of 2011. As of their initial compliance review Martin interconnect has not only met, but exceed all conditions of their agreement. As of their initial compliance review TECT Power has met the majority of the conditions of their agreement.

$33,000

N/A New Positions: 23 Annual Payroll: $1.3 million Average Wage: $21,300 New Positions: 18 Annual Payroll: $922,816 Average Wage: $49,658

5. Martin Interconnect $18,500

6. TECT Power $25,000

Completed by Becky Eby on 10/31/11

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2011 Economic Development Incentives - Forgivable Loans Company Name 1. Apex Engineering 2. Mojack $35,000 3. Hawker BeechCraft 4. MidContinent Instrument 5. The Golf Warehouse 6. Project Compound (JCB Labs) $2,500,000 ($500,000, 2011-2015) $10,000 Loan Amount $220,000 Minimum Conditions at End of 5 Year Period N/A New Positions: 53 Annual Payroll: $2.5 million Average Wage: $39,623 Positions: Retain at least 3,600 Annual Payroll: N/A New Positions: 24 Annual Payroll: $7.7 million Average Wage: $43,209 New Positions: 105 Annual Payroll: $9.9 million Average Wage: $31,329 New Positions: 15 Annual Payroll: $1.5 million Average Wage:$62,500 Baseline Conditions Prior to Initial Compliance Review N/A Positions: 10 Average Wage: $52,000 N/A Positions: 138 Annual Payroll: $6.3 million Average Wage: $45,652 Positions: 211 Annual Payroll: $7 million Average Wage: $33,000 Positions: 9 Annual Payroll: $562,500 Average Wage: $62,500 Notes APEX received their loan in March and has repaid the principal in full as of July of 2011. Mojack’s initial compliance review will be held in December of 2011 Hawker BeechCraft’s initial compliance review will be held in January of 2012. Mid-Continent Instrument’s initial compliance review will be held in December of 2011 The Golf Warehouse’s initial compliance review will be held in December of 2011 Project Compound’s initial compliance review will be held in September of 2012

$48,000 $30,000

2004-2011 Economic Development Exemptions - EDX 2011 Total 2011 Total Taxable Company Name Appraised Value Value 1. Charles Engineering $28,407 $736,010 2. Charles Engineering

Abatement Term Real Property: 1/04 - 12/13 Personal Property: 1/0412/08 (Expired) Real Property: 1/06-12/15 Personal Property: 1/0612/10 (Expired) Real Property: 1/08-12/17 Personal Property: N/A

Purpose 31,500 sq. ft. addition, machinery, and equipment 10,000 sq. ft. addition, machinery, and equipment 10,000 sq. ft. addition, 25,000 sq. ft. asphalt paving

FTE Goal

FTE Actual

11

14

$231,560

$6,165

3. Husker Hawk LCC/North American Aviation, INC.

$209,990

$34,572

10

-22

Completed by Becky Eby on 10/31/11

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