MetLife Merrill Lynch

Jobs At Start of Project 1,750 9,000

FY2005 Job Target under the 1,698 8,820

terms of the subsidy deal

Jobs current (actual 1,601 8,043

number of jobs)

Reduction in benefits $186,000 $503,000

Total value of subsidies $37.32 million $27.64 million

approved (including unused)

Tax breaks used up to this point $11.75 million $22.08 million

(Sales, MRT exemption, (Sales tax exemption)

PILOT arrangement)

Tax breaks remaining $25.38 million $5.06 million

(after reduction) (mostly in property (in sales breaks)

tax breaks though, only

$5.57 left in other tax breaks)