Business  |  Tax Incentives


Reinhart Food Service, LLC & Lone Oak - Cincinnati LLC
Agreement #044-08-03
Zone 044


Agreement Information

Community: LOCKLAND      ODOD Status: Active
County: HAMILTON      Agrmt Date: 9/18/2008
Local School District:      Amend. Date:
Nature of Business: Commercial      Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 4221

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $4,346,092.00 $4,346,092.00
Exemptions $0.00 $3,259,569.00 $3,259,569.00
 

Personal Property

M & E F & F Inventory Total
Investments $702,000.00 $0.00 $1,000,000.00 $1,702,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $0.00% 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: 139      Number Payroll
Employment in Ohio: 139      Retained 139 $6,859,000.00
     Fulltime Permanent 30 $1,414,652.00
     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: 202      Cumulative Taxes
Jobs Created: 63 Real Property Taxes Paid: $306,908.00
Jobs Retained: 139 Real Property Taxes Forgone: $103,935.00
Total FTE in Ohio: $239.00 Personal Property Taxes Paid: $0.00
New Payroll: $4,158,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $6,144,292.00 Other Tax Incentives: $0.00
Personal Property: $4,146,980.00 TIRC Date: 6/29/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $148,497.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $29,437.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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