Business  |  Tax Incentives


Ferrous Realty Limited Agreement #11-001 
CRA # 035-09246-01


Agreement Information
Community: BROOKLYN      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 6/13/2011
Local School District:      Amend. Date:
     Expiration Date: 7/1/2021
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $90,000.00 $180,000.00 $270,000.00
Exemptions $90,000.00 $180,000.00 $270,000.00
 

Real Property Tax Incentives

Percentage  50 %  
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 91 $6,000,000.00
Fulltime Permanent 8 $575,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 110      Cumulative Taxes
Jobs Created: 19 Real Property Taxes Paid: $101,176.00
Jobs Retained: 91 Real Property Taxes Forgone: $55,200.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $2,744,225.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $2,100,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 7/27/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $101,176.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $55,200.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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