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Ultra-Met Company
Agreement #246-08-01
Zone 246


Agreement Information

Community: URBANA      ODOD Status: Active
County: CHAMPAIGN      Agrmt Date: 10/16/2008
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $487,000.00 $487,000.00
Exemptions $0.00 $365,250.00 $365,250.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,300,000.00 $625,000.00 $0.00 $1,925,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $0.00% 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: 72      Number Payroll
Employment in Ohio: 72      Retained 30 $936,000.00
     Fulltime Permanent 10 $312,000.00
     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: 83      Cumulative Taxes
Jobs Created: 11 Real Property Taxes Paid: $7,712.00
Jobs Retained: 30 Real Property Taxes Forgone: $23,140.00
Total FTE in Ohio: $83.00 Personal Property Taxes Paid: $0.00
New Payroll: $439,516.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $510,378.00 Other Tax Incentives: $0.00
Personal Property: $1,496,908.00 TIRC Date: 3/10/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $1,362.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $4,087.00
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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