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)

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 − − $ million Incremental Taxes − − $ 2.3 million

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

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

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)

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

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

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)

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

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 Cornelius Huntersville Charlotte Total$168 million$23.3 million$245 million

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

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

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

1938 Southern Railroad Schedule