Business  |  Tax Incentives


OverDrive, Inc. and Blue Sky Campus, Inc. Agreement #11-001 
CRA # 035-01495-01


Agreement Information
Community: GARFIELD HEIGHTS      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 7/21/2011
Local School District: GARFIELD HEIGHTS CITY SD      Amend. Date:
     Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 541511

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $8,000,000.00 $8,000,000.00
Exemptions $0.00 $8,000,000.00 $8,000,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $1,000,000.00 $0.00 $0.00 $1,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 150 $0.00
Fulltime Permanent 75 $1,375,000.00
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: 286      Cumulative Taxes
Jobs Created: 150 Real Property Taxes Paid: $0.00
Jobs Retained: 136 Real Property Taxes Forgone: $1,487,798.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $11,656,500.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $9,818,303.00 Other Tax Incentives: $1,752,522.00
Personal Property: $1,304,198.00 TIRC Date: 8/15/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: NA
Real Property Taxes Forgone: $294,549.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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