Business  |  Tax Incentives


Parkview Towncenter, LLC
Agreement #024-11-01
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 5/24/2011
Local School District:      Amend. Date:
Nature of Business: retail      Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $506,500.00 $0.00 $506,500.00
Exemptions $303,900.00 $0.00 $303,900.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 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:      Number Payroll
Employment in Ohio:      Retained 0 $0.00
     Fulltime Permanent 9 $255,000.00
     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: $73,470.26
Jobs Retained: 0 Real Property Taxes Forgone: $78,847.47
Total FTE in Ohio: $16.00 Personal Property Taxes Paid: $0.00
New Payroll: $496,376.16 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,539,260.00 Other Tax Incentives: $0.00
Personal Property: $8,928.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $17,779.98 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $5,863.32
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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