1. Cornelius Candidate Projects For Funding Total Candidate Projects$ 22 million –Rail Improvements ($10 million) –Local CIP Projects NC-115 upgrades ($ 1.9 million) Station area enhancements ($7.0 million) Greenway improvements ($.5 million) Mulberry/NC-115 utilities ($1.0 million) Catawba Crossing reimbursement ($.9 million)

2. Sam Furr Station Future Growth Scenario Current Assessed Value of TIF District − − $ 9.4 million − − <1% of Total Tax Base Future Build Out − − 900 residential units − − 488,000 sq. ft office − − 123,000 sq. ft. retail Future Assessed Value ($ 2007) − − $ 359 million Incremental Development Value − − $ 349.6 million Incremental Taxes − − $ 2.3 million

3. Downtown Huntersville Future Growth Scenario Current Assessed Value of TIF District − − $ 75.2 million − − 1.9% of Total Tax Base Future Build Out − − 935 residential units − − 250,000 sq. ft office − − 260,000 sq. ft. retail Future Assessed Value ($ 2007) − − $ 353 million Incremental Development Value − − $ 278 million Incremental Taxes − − $ 1.8 million

4. Bryton Future Growth Scenario – Station Area Only Bryton Financial Analysis Supporting COPS Assumes No Commuter Rail With Commuter Rail, Station Area Will Support − − Increased office capacity − − Higher quality office − − Additional retail Potential Incremental Value − − $ 235 million Incremental Taxes − − $ 1.5 million

5. Huntersville Candidate Projects For Funding Total Candidate Projects –Downtown Commuter rail infrastructure ($10 million) 2-Way Pair ($8 million) Street & Sidewalk Improvements ($13 million) Farmers Market ($1 million) Downtown Parking Deck ($6 million) –Sam Furr Commuter rail infrastructure ($10 million) Utility Extensions ($3 million) NC-73 Grade Separation ($7 million) Street & Sidewalk improvements ($2 million) –Bryton Station Area Commuter rail infrastructure ($6 million)

6. Eastfield Station Future Growth Current Assessed Value of TIF District –$ 42 million –>1% of Total Tax Base Future Build-out –2,230 residential units –2.6 million sq. ft. of office & retail Future Assessed Value –$ 975 million Incremental Future Value –$ 933 million Incremental Taxes –$ 6.4 million/year

7. Harris Station Future Growth Current Assessed Value of TIF District – $ 12 million – >1% of Total Tax Base Future Build Out – 2,800 residences – 528,000 sq. ft office – 390,000 sq. ft. retail Future Assessed Value ($ 2007) – $ 902 million Incremental Future Value –$ 890 million Incremental Taxes –$ 6.1 million/year

8. Charlotte Candidate Projects For Funding Total Candidate Projects$ 66 million –Eastfield Rail Infrastructure ($10 million) Utilities ($5 million) Local Roads ($6 million) Station Area ($5 million) –Harris Rail Infrastructure ($10 million) Sugar Creek Extension to NC-115 ($10 million) Station Area Upgrades ($ 5million) –Derita Commuter rail infrastructure ($10 million) Station area upgrades ($5 million)

9. TIF Analysis Assumptions Development –TIF District Created: 2007 –Market appreciation: 2% Tax –Annual growth in Assessed Value: 3% (not compounded) Bonds –Interest rate: 5.75% –TIF District term: 30 years –Coverage: 1.25 –Bonds issued in 2009, 2011, 2015 –Capitalized interest: 2 years for each Series –Interest only for first five years

10. North Corridor Financial Analysis Bonding Capacity Exceeds Infrastructure Needs Municipality Total Candidate Projects Annual Incremental Taxes Total Bonding Capacity Davidson$18 million$2.4 million$28 million Cornelius222.849 Huntersville585.658 Charlotte6612.5134 Total$168 million$23.3 million$245 million

11. TIF Projects Generate Taxes That Would Not Have Otherwise Have Been Generated StationExisting TaxesNet Incremental Taxes Without TIF Projects Net Incremental Taxes With TIF Projects Davidson$ 1.47 million$ 2.4 million Cornelius$ 356,600$ 2.8 Sam Furr$ 104,000$ 2.3 Huntersville$ 831,700$ 1.8 Bryton-0-$ 1.5 Eastfield$ 537,600$ 6.4 Harris$ 151,040$ 6.1 Total$ 3.45 million$ 23.3 million

12. What’s In It For Mecklenburg County, Charlotte & the Towns? Better, More Integrated Development –Implementation of Town and Area master plans –Larger retail & office development at station areas –Integrated Transit Oriented Development –Increased employment from construction & additional office & retail Near-term Funding For “Catalyst” Infrastructure Projects Higher Tax Revenues –Incremental development that would not otherwise exist –Faster build-out timed for transit availability –Great sales tax revenue from construction & commercial development –Faster appreciation of real property around the transit station Rail Transit to Shape Land Use & Provide Public Transportation Option

13. Milestones 2007 May Meetings with Town Boards, County, City June Submit North Corridor Financial Plan To MTC JulySeek MTC approval for Plan & to advance engineering Summer Financial & Underwriting Analysis DecemberAward engineering/design contract Create TIF Districts 2008 FallComplete engineering Seek MTC approval to initiate construction

14. 1938 Southern Railroad Schedule