Business  |  Tax Incentives


Coblentz Distributing, Inc., dba Walnut Creek Foods & Stamark, Ltd.
Agreement #378-11-02
Zone 378


Agreement Information

Community: WALNUT CREEK (TOWNSHIP OF)      ODOD Status: Active
County: HOLMES      Agrmt Date: 3/31/2011
Local School District:      Amend. Date:
Nature of Business: Food Processing      Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $10,000.00 $2,500,000.00 $2,510,000.00
Exemptions $5,000.00 $1,250,000.00 $1,255,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $400,000.00 $0.00 $500,000.00 $900,000.00
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: 68      Number Payroll
Employment in Ohio: 143      Retained 68 $2,033,984.00
     Fulltime Permanent 12 $410,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 3 $31,000.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 125      Cumulative Taxes
Jobs Created: 21 Real Property Taxes Paid: $59,553.00
Jobs Retained: 54 Real Property Taxes Forgone: $59,553.00
Total FTE in Ohio: $234.00 Personal Property Taxes Paid: $0.00
New Payroll: $787,122.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid:
Real Property: $2,447,500.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/3/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $14,907.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $14,907.00
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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