1170-iraan-midway-amendment001 February 6, 2017 · PDF filecompeting with Midway Solar for capital and corporate commitment to construct are located in: AZ, NV, UT, WY, and FL; with

February 6, 2017

Local Government Assistance & Economic Analysis Texas Comptroller of Public Accounts P.O. Box 13528 Austin, Texas 78711-3528

RE: Amended Application to the Iraan-Sheffield Independent School District from Midway Solar LLC (First Qualifying Year 2018, First Value Limitation Year 2019)

To the Local Government Assistance & Economic Analysis Division:

In response to your email dated January 31, 2017, please find enclosed the following amendment to address the concerns outlined below:

1. Please find enclosed an updated transmittal letter. The request to keep Section 13confidential has been withdrawn. 2. Please find enclosed an updated Tab 53. The land will not be qualified property.4. Tab 17 – Section 16 Signature Page5. Section 2 Authorized Company Representative (Applicant) has been updated.6. Application page 7- Section 14-Wage and Employment has been updated with the wagesfor 2016. 7. Tab 13- Wages has been updated with the wages for 2016.8. Scheduled C- Employment Information has been updated to reflect the minimumguaranteed wage. 9. The previous request was submitted on company letterhead. However, the waiver hasbeen revised to indicate the general industry standard for operating a solar farm. 10. Tab 14 has been updated with Schedules A1, A2, B, C, and D11. Section 13 and Tab 10 have been updated to demonstrate that there is no existing propertyinside the project boundaries. The farm buildings are located outside the reinvestment zone. 12. A map with project area inside the ISD and county boundaries has been provided.

1170-iraan-midway-amendment001 February 6, 2017

Letter to Local Government Assistance & Economic Analysis Division February 6, 2017 Page 2 of 2

A copy of the amended application will be submitted to the Pecos County Appraisal District.

Sincerely,

Kevin O’Hanlon School District Consultant

Cc: Pecos County Appraisal District Midway Solar LLC


February 6, 2017

Local Government Assistance & Economic Analysis Texas Comptroller of Public Accounts P.O. Box 13528 Austin, Texas 78711-3528

RE: Application to the Iraan-Sheffield Independent School District from Midway Solar LLC (First Qualifying Year 2018, First Value Limitation Year 2019)

To the Local Government Assistance & Economic Analysis Division:

By copy of this letter transmitting the application for review to the Comptroller’s Office, the Iraan-Sheffield Independent School District is notifying Midway Solar LLC of its intent to consider the application for appraised value limitation on qualified property should a positive certificate be issued by the Comptroller. The Applicant submitted the Application to the school district on November 8, 2016. The Board voted to accept the application on November 8, 2016. The application has been determined complete as of January 9, 2017. The Applicant has provided the schedules in both electronic format and paper copies. The electronic copy is identical to the hard copy that will be hand delivered. The Applicant has requested that the value limitation begin in 2019. Please prepare the economic impact report.

The Applicant has requested that a Section 9 of the Application pursuant to Section Tex. Gov’t Code Section 552.104. The timing of the planned construction indicates the company’s direct plans for the timing necessary to develop the project in Iraan-Sheffield. Releasing this information gives competitors the opportunity to undercut negotiations with landowners and power purchasers. Furthermore, the public release of the information in Section 9 of the Application regarding the timing of the investment would reveal information which the company believes would cause the company to suffer substantial competitive harm and weaken its position in competitive siting decisions. Pursuant to this same statute, the information in Tabs 9 and 10, which the company has also requested to remain confidential, should remain confidential as both provide information by which competitors would be able to determine the areas the company has determined suitable for this project’s development. Revealing this information publicly permits


Letter to Local Government Assistance & Economic Analysis Division February 6, 2017 Page 2 of 2

other developers to financially benefit as they do not need to expend the funds to determine the suitability of the site.

In addition, the Applicant has requested Tabs 9 and a portion of Tab 11 and Tab 16, specifically the specific location and detailed layout of the planned solar, be kept confidential until such time the Board votes to approve the application. In accordance with 34 TAC 9.1053, the information that is the subject of this request is segregated from the materials submitted contemporaneously with this application, that is, the proprietary commercial information regarding the competitive siting decisions for the possible project and proprietary information regarding the proposed layout of the project. The confidential materials are being submitted separately to protect against unintended disclosure. The maps depicting the planned location of the project display proprietary commercial information regarding the specific location of the possible project and the nature of the business that will be conducted at the site. The materials are protected by the trade secret exception set forth in Texas Government Code §552.110.

A copy of the application will be submitted to the Pecos County Appraisal District.

Sincerely,

Kevin O’Hanlon School District Consultant

Cc: Pecos County Appraisal District Midway Solar LLC


For more information, visit our website: www.TexasAhead.org/tax_programs/chapter313/Page 2 • 50-296-A • 05-14/2

Economic Development and Analysis

Form 50-296-AA p p l i c a t i o n f o r A p p r a i s e d Va l u e L i m i t a t i o n o n Q u a l i f i e d P r o p e r t y

SECTION 1: School DIstrict Information (continued)

3. Authorized School District Consultant (If Applicable)

________________________________________________ ________________________________________________First Name Last Name

___________________________________________________________________________________________________Title

___________________________________________________________________________________________________Firm Name

________________________________________________ ________________________________________________Phone Number Fax Number

________________________________________________ ________________________________________________Mobile Number (optional) Email Address

4. On what date did the district determine this application complete? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ____________________

5. Has the district determined that the electronic copy and hard copy are identical? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

SECTION 2: Applicant Information

1. Authorized Company Representative (Applicant)


________________________________________________ ________________________________________________Title Organization

___________________________________________________________________________________________________Street Address

___________________________________________________________________________________________________Mailing Address

________________________________________________ ____________________________ _________________City State ZIP


________________________________________________ ________________________________________________Mobile Number (optional) Business Email Address

2. Will a company official other than the authorized company representative be responsible for responding to futureinformation requests? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

2a. If yes, please fill out contact information for that person.


________________________________________________ ________________________________________________Title Organization

___________________________________________________________________________________________________Street Address

___________________________________________________________________________________________________Mailing Address

________________________________________________ ____________________________ _________________City State ZIP


________________________________________________ ________________________________________________Mobile Number (optional) Business Email Address

3. Does the applicant authorize the consultant to provide and obtain information related to this application? . . . . . . . . . . . . . . . . . . Yes No

Dan Casey

Partner

Moak Casey & Associates

512-485-7878 512-485-7888

[email protected]

January 9, 2017

✔

Henry Yun

President 174 Power Global Corp

300 Spectrum Center Drive, #1250


Irvine CA 92618

949-748-5996

[email protected]

✔

Jason Garewal

Director Hanway Q CELLS USA Corp



Irvine CA 92618

949-748-5996

848-204-7896 [email protected]

✔


0

0

1170-iraan-midway-amendment002February 6, 2017

X

X

N/A

For more information, visit our website: www.TexasAhead.org/tax_programs/chapter313/50-296-A • 05-14/2 • Page 7

A p p l i c a t i o n f o r A p p r a i s e d Va l u e L i m i t a t i o n o n Q u a l i f i e d P r o p e r t yEconomic Development

and AnalysisForm 50-296-A

SECTION 14: Wage and Employment Information

1. What is the estimated number of permanent jobs (more than 1,600 hours a year), with the applicant or a contractorof the applicant, on the proposed qualified property during the last complete quarter before the application reviewstart date (date your application is finally determined to be complete)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _____________________

2. What is the last complete calendar quarter before application review start date:

First Quarter Second Quarter Third Quarter Fourth Quarter of _________(year)

3. What were the number of permanent jobs (more than 1,600 hours a year) this applicant had in Texas during themost recent quarter reported to the Texas Workforce Commission (TWC)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _____________________

Note: For job definitions see TAC §9.1051 and Tax Code §313.021(3).

4. What is the number of new qualifying jobs you are committing to create? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _____________________

5. What is the number of new non-qualifying jobs you are estimating you will create? . . . . . . . . . . . . . . . . . . . . . . . . . . . . _____________________

6. Do you intend to request that the governing body waive the minimum new qualifying job creation requirement, asprovided under Tax Code §313.025(f-1)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

6a. If yes, attach evidence in Tab 12 documenting that the new qualifying job creation requirement above exceeds the number of employees neces-sary for the operation, according to industry standards.

7. Attach in Tab 13 the four most recent quarters of data for each wage calculation below, including documentation from the TWC website. The final actualstatutory minimum annual wage requirement for the applicant for each qualifying job — which may differ slightly from this estimate — will be based on information from the four quarterly periods for which data were available at the time of the application review start date (date of a completed application). See TAC §9.1051(21) and (22).

a. Average weekly wage for all jobs (all industries) in the county is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _____________________

b. 110% of the average weekly wage for manufacturing jobs in the county is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _____________________

c. 110% of the average weekly wage for manufacturing jobs in the region is . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _____________________

8. Which Tax Code section are you using to estimate the qualifying job wage standard required forthis project? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . §313.021(5)(A) or §313.021(5)(B)

9. What is the minimum required annual wage for each qualifying job based on the qualified property? . . . . . . . . . . . . . . _____________________

10. What is the annual wage you are committing to pay for each of the new qualifying jobs you create on thequalified property? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _____________________

11. Will the qualifying jobs meet all minimum requirements set out in Tax Code §313.021(3)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

12. Do you intend to satisfy the minimum qualifying job requirement through a determination of cumulative economicbenefits to the state as provided by §313.021(3)(F)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

12a. If yes, attach in Tab 12 supporting documentation from the TWC, pursuant to §313.021(3)(F).

13. Do you intend to rely on the project being part of a single unified project, as allowed in §313.024(d-2), in meeting thequalifying job requirements? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Yes No

13a. If yes, attach in Tab 6 supporting documentation including a list of qualifying jobs in the other school district(s).

SECTION 15: Economic Impact

1. Complete and attach Schedules A1, A2, B, C, and D in Tab 14. Note: Excel spreadsheet versions of schedules are available for download and printing atURL listed below.

2. Attach an Economic Impact Analysis, if supplied by other than the Comptroller’s Office, in Tab 15. (not required)

3. If there are any other payments made in the state or economic information that you believe should be included in the economic analysis, attach a sepa-rate schedule showing the amount for each year affected, including an explanation, in Tab 15.

0

✔ 2016

0

2

0

✔

828.00

1,251.00

1,108.08

✔

57,620.16

58,000.00

✔

✔

✔


TAB 5

Documentation to assist in determining if limitation is a determining factor

The applicant’s parent company for this project is an national solar developer with the ability to locate projects of this type in other countries and states in the US with strong solar characteristics. The applicant is actively developing and constructing other projects throughout the US and internationally. Projects in active development which are competing with Midway Solar for capital and corporate commitment to construct are located in: AZ, NV, UT, WY, and FL; with other markets under consideration as well.

The applicant requires this appraised value limitation in order to move forward with constructing this project in Texas. Specifically, without the available tax incentives, the economics of the project become unappealing to investors and the likelihood of constructing the project in Texas becomes unlikely.

Property taxes can be the highest operating expense for a solar generation facility as solar plants do not have any associated fuel costs for the production of electricity, and with Texas wholesale electricity prices already below the national average in Texas, it is necessary to limit the property tax liabilities for a solar project in order to be able to offer electricity at prices that are marketable to Texas customers at competitive rates, including power sales under a bi-lateral contract. Markets such as California that have state wide available subsidies for renewable energy projects, and which have higher average contracted power rates, offer an attractive incentive for developers to build projects in those markets over Texas.

The property tax liabilities of a project without tax incentives in Texas lowers the return to investors and financiers to an unacceptable level at today’s contracted power rates under a power purchase agreement. As such, the applicant is not able to finance and build its project in Texas even with a signed power purchase agreement because of the low price in the power purchase agreement. Without the tax incentive, the applicant would be forced to abandon the project and spend its development capital and prospective investment funds in other states where the rate of return is higher on a project basis.

This is true even if the entity is able to contract with an off-taker under a power purchase agreement because the low rate contracted for is not financeable without the tax incentives. More specifically, a signed power purchase agreement in the Texas market is at a much lower rate than other states because of competitively low electricity prices. Other states have high electricity prices where a developer can obtain a PPA with a much higher contracted rate, combined with state subsidies, the other states offer a much higher rate of return for the project financiers. Without the tax incentives in Texas, a project with a power purchase agreement becomes unfinanciable.


October 26, 2016

Mr. Kevin Allen, Superintendent

Iraan-Sheffield Independent School District

P.O. Box 486

Iraan, Texas 79744-0486

Re: Chapter 313 Job Waiver Request

Dear Mr. Allen:

Midway Solar LLC (“Midway”) hereby requests the minimum new job creation requirement, as

provided under Texas Tax Cod 313.025(f-1), be waived.

Midway has committed to create not less than 2 FTE year round and 2-3 FTE equivalent

seasonal local jobs for preventative and corrective maintenance of the improvements once

commercial operation begins for the 30 or more year operating life.

Large scale solar projects typically require 200 or more direct jobs during the one-year

construction timeline. However, once the construction phase ends and commercial operations

begin, only a few highly skilled technicians are required. Generally, the number of employees

needed to operate a solar project does not vary significantly with the size of the project.

Therefore, a 182 megawatt project requires approximately 2 FTE employees. The waiver would

be for 2 jobs.

These permanent employees and seasonal employees will maintain and service installed

equipment including solar panels, inverters, mounting systems, electrical connections, project

substation, etc. to support safe and reliable operation of the project.

The waiver request herein is in line with general industry practice for the number of jobs being

created for solar energy generation facility of a similar size. This is also evidenced by previously

filed limitation agreement applications by other developers who similarly requested a waiver of

the job requirements.

Sincerely,

_____________________________________________

Jason Garewal

Director of Project Development, Midway Solar LLC

TAB 121170-iraan-midway-amendment001

February 6, 2017

TAB 13‐Calculation of Wage Targets

Year Period Area OwnershipIndustry Avg Weekly Wages

2016 1st Qtr Pecos County Private Total, All Industries $850

2016 2nd Qtr Pecos County Private Total, All Industries $779

2016 3rd Qtr Pecos County Private Total, All Industries $815

2015 4th Qtr Pecos County Private Total, All Industries $867

AVERAGE $828

2015 4th Qtr Pecos County Private Manufacturing $1,262

2016 3rd Qtr Pecos County Private Manufacturing $1,423

2016 2nd Qtr Pecos County Private Manufacturing $1,291

2016 1st Qtr Pecos County Private Manufacturing $1,027

110% of AVERAGE $1,251

Regional Wage Calculation

Region Hourly/Annual Average Weekly Wage

Permian Basin $25.18/$52,382 $1,007.35

CALCULATION $1,007.35*1.1=$1,108.08

Annual Wage 57,620.16$


Quarterly Employment and Wages (QCEW)Back

Page 1 of 1 (40 results/page)

Year Period Area Ownership Division Level Ind Code Industry Avg Weekly Wages

2015 1st Qtr Pecos County Private 00 0 10 Total, All Industries $935

2016 1st Qtr Pecos County Private 00 0 10 Total, All Industries $850

2015 2nd Qtr Pecos County Private 00 0 10 Total, All Industries $842

2016 2nd Qtr Pecos County Private 00 0 10 Total, All Industries $779

2015 3rd Qtr Pecos County Private 00 0 10 Total, All Industries $806

2016 3rd Qtr Pecos County Private 00 0 10 Total, All Industries $815

2015 4th Qtr Pecos County Private 00 0 10 Total, All Industries $867

2015 4th Qtr Pecos County Private 31 2 3133 Manufacturing $1,262

2016 3rd Qtr Pecos County Private 31 2 3133 Manufacturing $1,423

2015 3rd Qtr Pecos County Private 31 2 3133 Manufacturing $959

2016 2nd Qtr Pecos County Private 31 2 3133 Manufacturing $1,291

2015 2nd Qtr Pecos County Private 31 2 3133 Manufacturing $693

2016 1st Qtr Pecos County Private 31 2 3133 Manufacturing $1,027

2015 1st Qtr Pecos County Private 31 2 3133 Manufacturing $778


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dule

A1:

Tot

al In

vest

men

t for

Eco

nom

ic Im

pact

(thr

ough

the

Qua

lifyi

ng T

ime

Perio

d)

PRO

PER

TY IN

VEST

MEN

T A

MO

UN

TS

(Est

imat

ed In

vest

men

t in

each

yea

r. D

o no

t put

cum

ulat

ive

tota

ls.)


Dat

e: 1

1/7/

2016

App

lican

t Nam

e: M

idw

ay S

olar

LLC

Form

50-

296A

ISD

Nam

e: I

raan

-She

ffiel

d R

evis

ed M

ay 2

014

Col

umn

AC

olum

n B

Col

umn

CC

olum

n D

Col

umn

E

Year

Scho

ol Y

ear

(YY

YY

-YY

YY

)

Tax

Year

(Fill

in a

ctua

l tax

ye

ar b

elow

)

YY

YY

New

inve

stm

ent (

orig

inal

cos

t) in

tan

gibl

e pe

rson

al p

rope

rty

plac

ed in

ser

vice

du

ring

this

yea

r tha

t will

bec

ome

Qua

lifie

d P

rope

rty

New

inve

stm

ent m

ade

durin

g th

is y

ear i

n bu

ildin

gs o

r per

man

ent n

onre

mov

able

co

mpo

nent

s of

bui

ldin

gs th

at w

ill b

ecom

e Q

ualif

ied

Pro

perty

Oth

er in

vest

men

t mad

e du

ring

this

yea

r th

at w

ill n

ot b

ecom

e Q

ualif

ied

Pro

perty

[S

EE

NO

TE]

Oth

er in

vest

men

t mad

e du

ring

this

yea

r th

at w

ill b

ecom

e Q

ualif

ied

Pro

perty

{SE

E

NO

TE]

Tota

l Inv

estm

ent

(A

+B+C

+D)

$

2

75,9

17,0

00

$

2

75,9

17,0

00

020

17-2

018

2017

67,5

99,6

65$

$

6

7,59

9,66

5

120

19-2

020

2019

-$

$

-

220

20-2

021

2020

-$

$

-

320

21-2

022

2021

-$

$

-

420

22-2

023

2022

-$

$

-

520

23-2

024

2023

-$

$

-

620

24-2

025

2024

-$

$

-

720

25-2

026

2025

-$

$

-

820

26-2

027

2026

-$

$

-

920

27-2

028

2027

-$

$

-

1020

28-2

029

2028

-$

$

-

1120

29-2

030

2029

1220

30-2

031

2030

1320

31-2

032

2031

1420

32-2

033

2032

1520

33-2

034

2033

1620

34-2

035

2034

1720

35-2

036

2035

1820

36-2

037

2036

1920

37-2

038

2037

2020

38-2

039

2038

2120

39-2

040

2039

2220

40-2

041

2040

2320

41-2

042

2041

2420

42-2

043

2042

2520

43-2

044

2043

* ** ***

For A

ll C

olum

ns:

List

am

ount

inve

sted

eac

h ye

ar, n

ot c

umul

ativ

e to

tals

. Onl

y in

clud

e in

vest

men

ts in

the

rem

aini

ng ro

ws

of S

ched

ule

A2

that

wer

e no

t cap

ture

d on

Sch

edul

e A

1.C

olum

n A

:

Col

umn

B:

Col

umn

C:

Col

umn

D:

Dol

lar v

alue

of o

ther

inve

stm

ent t

hat m

ay a

ffect

eco

nom

ic im

pact

and

tota

l val

ue. E

xam

ples

of o

ther

inve

stm

ent t

hat w

ill n

ot b

ecom

e qu

alifi

ed p

rope

rty in

clud

e in

vest

men

t mee

ting

the

defin

ition

of 3

13.0

21(1

) but

not

cre

atin

g a

new

impr

ovem

ent a

s de

fined

by

TAC

9.1

051.

Thi

s is

pro

pose

d pr

oper

ty th

at

func

tiona

lly re

plac

es e

xist

ing

prop

erty

; is

used

to m

aint

ain,

refu

rbis

h, re

nova

te, m

odify

or u

pgra

de e

xist

ing

prop

erty

; or i

s af

fixed

to e

xist

ing

prop

erty

—de

scrib

ed in

SE

CTI

ON

13,

que

stio

n #5

of t

he a

pplic

atio

n.

Onl

y in

vest

men

t mad

e du

ring

defe

rral

s of

the

star

t of t

he li

mita

tion

(afte

r the

end

of q

ualif

ying

tim

e pe

riod

but b

efor

e th

e st

art o

f the

Val

ue L

imita

tion

Per

iod)

sho

uld

be in

clud

ed in

the

"yea

r prio

r to

star

t of v

alue

lim

itatio

n pe

riod"

row

(s).

If th

e lim

itatio

n st

arts

at t

he e

nd o

f the

qua

lifyi

ng ti

me

perio

d or

the

qual

ifyin

g tim

e pe

riod

over

laps

the

limita

tion,

no

inve

stm

ent s

houl

d be

incl

uded

on

this

line

.

If yo

ur q

ualif

ying

tim

e pe

riod

will

ove

rlap

your

val

ue li

mita

tion

perio

d, d

o no

t als

o in

clud

e in

vest

men

t mad

e du

ring

the

qual

ifyin

g tim

e pe

riod

in y

ears

1 a

nd/o

r 2 o

f the

val

ue li

mita

tion

perio

d, d

epen

ding

on

the

over

lap.

Onl

y in

clud

e in

vest

men

ts/y

ears

that

wer

e not

cap

ture

d on

Sch

edul

e A

1.

Eac

h ye

ar p

rior t

o st

art o

f val

ue li

mita

tion

perio

d**

Inse

rt as

man

y ro

ws

as n

eces

sary

Val

ue li

mita

tion

perio

d***

Con

tinue

to m

aint

ain

viab

le p

rese

nce

Tota

l Inv

estm

ent f

rom

Sch

edul

e A

1*--

Dol

lar v

alue

of o

ther

inve

stm

ent t

hat m

ay a

ffect

eco

nom

ic im

pact

and

tota

l val

ue. E

xam

ples

of o

ther

inve

stm

ent t

hat m

ay re

sult

in q

ualif

ied

prop

erty

are

land

or p

rofe

ssio

nal s

ervi

ces.

Add

ition

al y

ears

for 2

5 ye

ar e

cono

mic

impa

ct a

s re

quire

d by

31

3.02

6(c)

(1)

All

inve

stm

ents

mad

e th

roug

h th

e qu

alify

ing

time

perio

d ar

e ca

ptur

ed a

nd to

tale

d on

Sch

edul

e A

1 [b

lue

box]

and

inco

rpor

ated

into

this

sch

edul

e in

the

first

row

.

This

repr

esen

ts th

e to

tal d

olla

r am

ount

of p

lann

ed in

vest

men

t in

tang

ible

per

sona

l pro

perty

. Onl

y in

clud

e es

timat

es o

f inv

estm

ent f

or "r

epla

cem

ent"

prop

erty

if th

e pr

oper

ty is

spe

cific

ally

des

crib

ed in

the

appl

icat

ion.

Onl

y ta

ngib

le p

erso

nal p

rope

rty th

at is

spe

cific

ally

des

crib

ed in

the

appl

icat

ion

can

beco

me

qual

ified

pro

perty

.

TOTA

LS F

RO

M S

CH

EDU

LE A

1En

ter a

mou

nts

from

TO

TAL

row

in S

ched

ule

A1

in th

e ro

w b

elow

The

tota

l dol

lar a

mou

nt o

f pla

nned

inve

stm

ent e

ach

year

in b

uild

ings

or n

onre

mov

able

com

pone

nt o

f bui

ldin

gs.

Sche

dule

A2:

Tot

al In

vest

men

t for

Eco

nom

ic Im

pact

(inc

ludi

ng Q

ualif

ied

Prop

erty

and

oth

er in

vest

men

ts)

PRO

PER

TY IN

VEST

MEN

T A

MO

UN

TS

(Est

imat

ed In

vest

men

t in

each

yea

r. D

o no

t put

cum

ulat

ive

tota

ls.)


Dat

e: 1

1/7/

2016

App

lican

t Nam

e: M

idw

aFo

rm 5

0-29

6AIS

D N

ame:

Ira

an-S

heffi

eR

evis

ed M

ay 2

014

Year

Scho

ol Y

ear

(YY

YY

-YY

YY

)

Tax

Year

(F

ill in

act

ual t

ax

year

)

Y

YY

YE

stim

ated

Mar

ket V

alue

of

Land

Est

imat

ed T

otal

Mar

ket

Val

ue o

f new

bui

ldin

gs o

r ot

her n

ew im

prov

emen

ts

Est

imat

ed T

otal

Mar

ket

Val

ue o

f tan

gibl

e pe

rson

al

prop

erty

in th

e ne

w

build

ings

or "

in o

r on

the

new

impr

ovem

ents

"

Mar

ket V

alue

less

any

ex

empt

ions

(suc

h as

po

llutio

n co

ntro

l) an

d be

fore

lim

itatio

nFi

nal t

axab

le v

alue

for I

&S

af

ter a

ll re

duct

ions

Fina

l tax

able

val

ue fo

r M

&O

afte

r all

redu

ctio

ns

020

17-2

018

2017

00

00

00

020

18-2

019

2018

00

00

00

120

19-2

020

2019

027

5,91

7,00

0$

27

5,91

7,00

0$

27

5,91

7,00

0$

30

,000

,000

2

2020

-202

120

200

234,

529,

450

$

234,

529,

450

$

234,

529,

450

$

30,0

00,0

00

320

21-2

022

2021

019

9,35

0,03

3$

19

9,35

0,03

3$

19

9,35

0,03

3$

30

,000

,000

4

2022

-202

320

220

169,

447,

528

$

169,

447,

528

$

169,

447,

528

$

30,0

00,0

00

520

23-2

024

2023

014

4,03

0,39

8$

14

4,03

0,39

8$

14

4,03

0,39

8$

30

,000

,000

6

2024

-202

520

240

122,

425,

839

$

122,

425,

839

$

122,

425,

839

$

30,0

00,0

00

720

25-2

026

2025

010

4,06

1,96

2$

10

4,06

1,96

2$

10

4,06

1,96

2$

30

,000

,000

8

2026

-202

720

260

88,4

52,6

68$

88,4

52,6

68$

88,4

52,6

68$

30,0

00,0

00

920

27-2

028

2027

075

,184

,768

$

75

,184

,768

$

75

,184

,768

$

30

,000

,000

10

2028

-202

920

280

63,9

07,0

52$

63,9

07,0

52$

63,9

07,0

52$

30,0

00,0

00

1120

29-2

030

2029

055

,183

,400

$

55

,183

,400

$

55

,183

,400

$

55

,183

,400

$

12

2030

-203

120

300

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

1320

31-2

032

2031

055

,183

,400

$

55

,183

,400

$

55

,183

,400

$

55

,183

,400

$

14

2032

-203

320

320

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

1520

33-2

034

2033

055

,183

,400

$

55

,183

,400

$

55

,183

,400

$

55

,183

,400

$

16

2034

-203

520

340

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

1720

35-2

036

2035

055

,183

,400

$

55

,183

,400

$

55

,183

,400

$

55

,183

,400

$

18

2036

-203

720

360

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

1920

37-2

038

2037

055

,183

,400

$

55

,183

,400

$

55

,183

,400

$

55

,183

,400

$

20

2038

-203

920

380

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

2120

39-2

040

2039

055

,183

,400

$

55

,183

,400

$

55

,183

,400

$

55

,183

,400

$

22

2040

-204

120

400

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

2320

41-2

042

2041

055

,183

,400

$

55

,183

,400

$

55

,183

,400

$

55

,183

,400

$

24

2042

-204

320

420

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

55,1

83,4

00$

2520

43-2

044

2043

055

,183

,400

$

55

,183

,400

$

55

,183

,400

$

55

,183

,400

$

N

otes

:

Val

ue L

imita

tion

Per

iod

Eac

h ye

ar p

rior t

o st

art

of

V

alue

Li

mita

tion

Per

iod

Con

tinue

to m

aint

ain

viab

le p

rese

nce

Mar

ket v

alue

in fu

ture

yea

rs is

goo

d fa

ith e

stim

ate

of fu

ture

taxa

ble

valu

e fo

r the

pur

pose

s of

pro

perty

taxa

tion.

Onl

y in

clud

e m

arke

t val

ue fo

r elig

ible

pro

perty

on

this

sch

edul

e.

Add

ition

al y

ears

for

25 y

ear e

cono

mic

im

pact

as

requ

ired

by

313.

026(

c)(1

)

Sche

dule

B:

Estim

ated

Mar

ket A

nd T

axab

le V

alue

(of Q

ualif

ied

Prop

erty

Onl

y)

Qua

lifie

d Pr

oper

tyEs

timat

ed T

axab

le V

alue


Dat

e: 1

1/7/

2016

Appl

ican

t Nam

e: M

idw

ay S

olar

LLC

Form

50-

296A

ISD

Nam

e: I

raan

-She

ffiel

d R

evis

ed M

ay 2

014

Non

-Qua

lifyi

ng J

obs

Col

umn

AC

olum

n B

Col

umn

CC

olum

n D

Col

umn

E

Year

Scho

ol Y

ear

(Y

YYY-

YYYY

)

Tax

Year

(A

ctua

l tax

yea

r)

YYYY

Num

ber o

f Con

stru

ctio

n FT

E's

or m

an-h

ours

(s

peci

fy)

Aver

age

annu

al w

age

rate

s fo

r con

stru

ctio

n w

orke

rs

Num

ber o

f non

-qua

lifyi

ng

jobs

app

lican

t est

imat

es it

w

ill cr

eate

(cum

ulat

ive)

Num

ber o

f new

qua

lifyi

ng

jobs

app

lican

t com

mits

to

crea

te m

eetin

g al

l crit

eria

of

Sec.

313

.021

(3)

(cum

ulat

ive)

Aver

age

annu

al w

age

of

new

qua

lifyi

ng jo

bs

020

17-2

018

2017

90 F

TE$4

5,00

088

00

020

18-2

019

2018

90 F

TE$4

5,00

088

2$5

8,00

0

120

19-2

020

2019

00

02

$58,

000

220

20-2

021

2020

00

02

$58,

000

320

21-2

022

2021

00

02

$58,

000

420

22-2

023

2022

00

02

$58,

000

520

23-2

024

2023

00

02

$58,

000

620

24-2

025

2024

00

02

$58,

000

720

25-2

026

2025

00

02

$58,

000

820

26-2

027

2026

00

02

$58,

000

920

27-2

028

2027

00

02

$58,

000

1020

28-2

029

2028

00

02

$58,

000

Year

s Fo

llow

ing

Valu

e Li

mita

tion

Perio

d

11

th

roug

h

2520

29-2

044

2029

-204

4

00

02

$58,

000

Not

es:S

ee T

AC 9

.105

1 fo

r def

initi

on o

f non

-qua

lifyi

ng jo

bs.

Onl

y in

clud

e jo

bs o

n th

e pr

ojec

t site

in th

is s

choo

l dis

trict

.

C1.

Yes

No

C1a

. Y

esN

o

C1b

. Y

esN

o

Valu

e Li

mita

tion

Perio

dTh

e qu

alify

ing

time

perio

d co

uld

over

lap

the

valu

e lim

itatio

n pe

riod.

Each

yea

r prio

r to

star

t of

V

alue

Li

mita

tion

Perio

dIn

sert

as m

any

row

s as

ne

cess

ary

If ye

s, a

nsw

er th

e fo

llow

ing

two

ques

tions

:

Are

the

cum

ulat

ive

num

ber o

f qua

lifyi

ng jo

bs li

sted

in C

olum

n D

less

than

the

num

ber o

f qua

lifyi

ng jo

bs re

quire

d by

sta

tute

?

(2

5 qu

alify

ing

jobs

in S

ubch

apte

r B d

istri

cts,

10

qual

ifyin

g jo

bs in

Sub

chap

ter C

dis

trict

s)

Will

the

appl

ican

t req

uest

a jo

b w

aive

r, as

pro

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12




Documents

1170-iraan-midway-amendment001 February 6, 2017 · PDF filecompeting with Midway Solar for capital and corporate commitment to construct are located in: AZ, NV, UT, WY, and FL; with