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INDUCTION TOOLING, INC AND STUEHER PROPERTIES, LLC
Agreement #259-05-01
Zone 259


Agreement Information

Community: NORTH ROYALTON      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 3/31/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2021
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 $1,600,000.00 $1,600,000.00
Exemptions $0.00 $1,600,000.00 $1,600,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,200,000.00 $40,000.00 $40,000.00 $1,280,000.00
Exemptions $1,200,000.00 $40,000.00 $40,000.00 $1,240,000.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 10 yrs
Personal No $50.00% 10 yrs
 

Relocations

From Out of State: No State: Jobs: 0
In State: No Community: Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 26      Number Payroll
Employment in Ohio: 26      Retained 26 $1,346,830.00
     Fulltime Permanent 5 $144,500.00
     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: 20      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $235,161.00
Jobs Retained: 20 Real Property Taxes Forgone: $140,988.91
Total FTE in Ohio: $20.00 Personal Property Taxes Paid: $0.00
New Payroll: $1,350,255.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,600,000.00 Other Tax Incentives: $0.00
Personal Property: $300,000.00 TIRC Date: 8/11/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $33,249.32 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $7,803.83
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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