Business  |  Tax Incentives


AVENIER PROPERTIES LLC & GEBAUER COMPANY
Agreement #024-06-01
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 2/24/2006
Local School District:      Amend. Date:
Nature of Business: MANUFACTURNG      Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 2830

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $3,526,000.00 $0.00 $3,526,000.00
Exemptions $3,526,000.00 $0.00 $3,526,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,613,840.00 $150,000.00 $0.00 $1,763,840.00
Exemptions $1,613,840.00 $150,000.00 $0.00 $1,763,840.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 10 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: 33      Number Payroll
Employment in Ohio: 33      Retained 33 $1,595,787.00
     Fulltime Permanent 11 $2,356,031.00
     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: 50      Cumulative Taxes
Jobs Created: 17 Real Property Taxes Paid: $361,912.81
Jobs Retained: 33 Real Property Taxes Forgone: $576,244.00
Total FTE in Ohio: $50.00 Personal Property Taxes Paid: $205,387.00
New Payroll: $774,565.82 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $3,281,608.00 Other Tax Incentives: $0.00
Personal Property: $1,565,119.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $37,400.78 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $67,109.56
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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