Business  |  Tax Incentives


PREMCAR CO. LTD. Agreement #02-001 
CRA # 035-04595-01


Agreement Information
Community: WESTLAKE      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 12/20/2002
Local School District:      Amend. Date:
     Expiration Date: 12/31/2014
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,020,000.00 $1,020,000.00
Exemptions $0.00 $1,020,000.00 $1,020,000.00
 

Real Property Tax Incentives

Percentage  75 %  
Term 12 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $150,000.00 $0.00 $150,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 10 $280,000.00
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: 39      Cumulative Taxes
Jobs Created: 4 Real Property Taxes Paid: $276,149.02
Jobs Retained: 35 Real Property Taxes Forgone: $180,632.56
Total FTE in Ohio: Personal Property Taxes Paid: $152,280.00
New Payroll: $243,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $1,174,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/4/2015
Previous Year Taxes TIRC Recommendation: MODIFY
Real Property Taxes Paid: $30,406.48 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $15,053.08
Personal Property Taxes Paid: $17,000.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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