Business  |  Tax Incentives


Eleet Cryogencis, Inc. & VKS Properties, LLC
Agreement #300-12-01
Zone 300


Agreement Information

Community: LAWRENCE (TOWNSHIP OF)      ODOD Status: Active
County: TUSCARAWAS      Agrmt Date: 4/5/2012
Local School District:      Amend. Date:
Nature of Business: manufacturing      Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 3679

Real Property

Acquisition Improvements New Construction Total
Investments $350,000.00 $500.00 $850,000.00 $1,200,500.00
Exemptions $250.00 $425,000.00 $425,250.00
 

Personal Property

M & E F & F Inventory Total
Investments $5,000.00 $6,000.00 $0.00 $11,000.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $50.00% 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: 34      Number Payroll
Employment in Ohio: 34      Retained 34 $0.00
     Fulltime Permanent 2 $50,000.00
     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: 8      Cumulative Taxes
Jobs Created: 8 Real Property Taxes Paid: $17,728.33
Jobs Retained: 0 Real Property Taxes Forgone: $12,477.45
Total FTE in Ohio: $42.00 Personal Property Taxes Paid: $0.00
New Payroll: $317,595.78 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $1,449,226.73 Other Tax Incentives: $0.00
Personal Property: $1,210,973.89 TIRC Date: 2/11/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $9,650.01 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $9,650.01
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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