Business  |  Tax Incentives


1179 E. Main Redevelopment, LLC & Columbus Compact Corporation
Agreement #023-08-05
Zone 023


Agreement Information

Community: COLUMBUS      ODOD Status: Active
County: FRANKLIN      Agrmt Date: 9/25/2008
Local School District:      Amend. Date:
Nature of Business: RETAIL      Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 6512

Real Property

Acquisition Improvements New Construction Total
Investments $600,000.00 $2,130,000.00 $0.00 $2,730,000.00
Exemptions $1,597,500.00 $0.00 $1,597,500.00
 

Personal Property

M & E F & F Inventory Total
Investments $200,000.00 $150,000.00 $150,000.00 $500,000.00
Exemptions $150,000.00 $112,500.00 $112,500.00 $262,500.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 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: 0      Number Payroll
Employment in Ohio: 0      Retained 0 $0.00
     Fulltime Permanent 16 $319,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 16      Cumulative Taxes
Jobs Created: 16 Real Property Taxes Paid: $137,666.00
Jobs Retained: 0 Real Property Taxes Forgone: $92,846.00
Total FTE in Ohio: $16.00 Personal Property Taxes Paid: $0.00
New Payroll: $262,166.06 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,460,256.00 Other Tax Incentives: $0.00
Personal Property: $698,484.00 TIRC Date: 8/20/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $21,280.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $14,061.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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