Business  |  Tax Incentives


MAJESTIC STEEL Agreement #00-001 
CRA # 035-00300-01


Agreement Information
Community: BEDFORD HEIGHTS      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 7/19/2000
Local School District:      Amend. Date:
     Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 5051

Real Property

Acquisition Improvements New Construction Total
Investments $12,171,000.00 $3,575,000.00
Exemptions
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments

Employment

Job and Payroll Commitments
Number Payroll
Retained 149
Fulltime Permanent 14 $500,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 107      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $1,841,132.00
Jobs Retained: 107 Real Property Taxes Forgone: $349,550.00
Total FTE in Ohio: Personal Property Taxes Paid: $2,355,212.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $3,720,708.00 Other Tax Incentives: $0.00
Personal Property: $23,854,560.00 TIRC Date: 8/9/2012
Previous Year Taxes TIRC Recommendation: TERMINATE
Real Property Taxes Paid: $250,003.00 Local Gov't. Action/Status: TERMINATE
Real Property Taxes Forgone: $34,845.00
Personal Property Taxes Paid: $500,942.00 Annual Report Year: 2012
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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