Business  |  Tax Incentives


Brainard Crossing Holdings, LLC & Fitworks holding Limited Liability Company Agreement #13-001 
CRA # 012-01994-0P


Agreement Information
Community: HIGHLAND HEIGHTS      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 10/8/2013
Local School District:      Amend. Date:
     Expiration Date: 12/31/2025
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 713940

Real Property

Acquisition Improvements New Construction Total
Investments $1,850,000.00 $0.00 $1,800,000.00 $3,650,000.00
Exemptions $0.00 $900,000.00 $900,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $250,000.00 $50,000.00 $0.00 $300,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 50 $790,000.00
Fulltime Permanent 0 $0.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 12 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 25      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $100,652.00
Jobs Retained: 13 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $28,473.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $3,650,000.00 Other Tax Incentives: $0.00
Personal Property: $1,334,343.00 TIRC Date: 12/13/2015
Previous Year Taxes TIRC Recommendation: NA
Real Property Taxes Paid: $48,326.00 Local Gov't. Action/Status: NA
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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