Business  |  Tax Incentives


Best One Tire & Service of Lima, Inc.
Agreement #003-12-01
Zone 003


Agreement Information

Community: LIMA      ODOD Status: Active
County: ALLEN      Agrmt Date: 3/26/2012
Local School District:      Amend. Date:
Nature of Business: commercial      Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 401320

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $850,000.00 $850,000.00
Exemptions $0.00 $850,000.00 $850,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $50,000.00 $20,000.00 $380,000.00 $450,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 6 yrs
Personal No $0.00% 0 yrs
 

Relocations

From Out of State: No State: Jobs:
In State: No Community: Jobs:
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 78      Number Payroll
Employment in Ohio: 78      Retained 780 $0.00
     Fulltime Permanent 7 $280,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 2 $40,000.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 18      Cumulative Taxes
Jobs Created: 8 Real Property Taxes Paid: $81,976.98
Jobs Retained: 0 Real Property Taxes Forgone: $31,198.54
Total FTE in Ohio: $90.00 Personal Property Taxes Paid: $0.00
New Payroll: $313,594.18 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,121,160.00 Other Tax Incentives: $0.00
Personal Property: $73,000.00 TIRC Date: 3/15/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $25,041.22 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $15,599.27
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

Back to Search Page