Business  |  Tax Incentives


1230 West Bagley, LLC & Midwest Transatlantic Lines, Inc. Agreement #08-001 
CRA # 035-05690-01


Agreement Information
Community: BEREA      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 9/12/2008
Local School District: OLMSTED FALLS CITY SD      Amend. Date:
     Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 4830

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,500,000.00 $1,500,000.00
Exemptions $0.00 $735,000.00 $735,000.00
 

Real Property Tax Incentives

Percentage  49 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 88 $0.00
Fulltime Permanent 10 $400,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 5 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 93      Cumulative Taxes
Jobs Created: 9 Real Property Taxes Paid: $311,111.00
Jobs Retained: 84 Real Property Taxes Forgone: $282,805.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $216,925.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $2,376,100.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 7/19/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $45,053.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $35,374.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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