Business  |  Tax Incentives


First Class Transport, Inc. & Brandywine Valley Development, LLC
Agreement #300-10-01
Zone 300


Agreement Information

Community: FRANKLIN (TOWNSHIP OF)      ODOD Status: Active
County: TUSCARAWAS      Agrmt Date: 5/17/2010
Local School District:      Amend. Date:
Nature of Business: Contract Trucking      Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 484200

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $800,000.00 $800,000.00
Exemptions $0.00 $480,000.00 $480,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $25,000.00 $15,000.00 $0.00 $40,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 10 yrs
Personal No $0.00% 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: 0      Number Payroll
Employment in Ohio: 17      Retained 15 $775,000.00
     Fulltime Permanent 5 $100,000.00
     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: 25      Cumulative Taxes
Jobs Created: 8 Real Property Taxes Paid: $27,276.35
Jobs Retained: 15 Real Property Taxes Forgone: $40,912.01
Total FTE in Ohio: $25.00 Personal Property Taxes Paid: $0.00
New Payroll: $677,067.82 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $806,169.00 Other Tax Incentives: $0.00
Personal Property: $180,810.00 TIRC Date: 2/10/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $9,436.06 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $14,153.89
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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