Business  |  Tax Incentives


CO-AX Technology, Inc. & CII Solon Properties, LLC Agreement #13-001 
CRA # 035-01575-01


Agreement Information
Community: GLENWILLOW      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 9/25/2013
Local School District: SOLON CITY SD      Amend. Date:
     Expiration Date: 12/31/2027
School Comp Agreement: Yes      Revenue Sharing: Yes
  SIC Code: 334418

Real Property

Acquisition Improvements New Construction Total
Investments $1,060,000.00 $0.00 $6,500,000.00 $7,560,000.00
Exemptions $0.00 $4,387,500.00 $4,387,500.00
 

Real Property Tax Incentives

Percentage  68 %  
Term 12 years  
 
Personal Property
M & E F & F Inventory Total
Investments $200,000.00 $100,000.00 $0.00 $300,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 200 $5,730,000.00
Fulltime Permanent 40 $920,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 60 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 211      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $194,835.76
Jobs Retained: 211 Real Property Taxes Forgone: $284,830.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $6,242,790.50 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $7,320,400.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/10/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $80,727.56 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $142,415.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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