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Payment reduction OK'd

May 19, 1998

MARTINSBURG, W.Va. - The Berkeley County Commission has signed an agreement with Quad Graphics allowing up to a 20 percent reduction in the payments the company makes in lieu of taxes on its new plant.

Quad Graphics, the third-largest printing company in the United States, is not required to pay taxes because it is on land at the Cumbo Yard Industrial Park, which is owned by the Berkeley County Development Authority. Instead of tax bills, the corporation makes payments equal to what it would have been taxed.

Quad Graphics is housed in a 500,000-square-foot facility and is planning a 1.2-million-square-foot packaging plant expansion.

When the facility reaches 1.2 million square feet, the company will get a 10 percent reduction in payments. For each additional 300,000-square-foot expansion, the company will receive an extra 2.5 percent reduction, with a maximum abatement of 20 percent.

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