Business  |  Tax Incentives


GALILEO SOUTHLAND, LLC/RISER FOODS COMPANY Agreement #07-001 
CRA # 035-49644-02


Agreement Information
Community: MIDDLEBURG HEIGHTS      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 7/17/2007
Local School District:      Amend. Date:
     Expiration Date: 12/31/2017
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $4,950,000.00 $6,200,000.00 $11,150,000.00
Exemptions $4,950,000.00 $6,200,000.00 $11,150,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $3,600,000.00 $1,350,000.00 $0.00 $4,950,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 55 $2,800,000.00
Fulltime Permanent 1 $42,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 58 $1,122,000.00
Parttime Temporary 0 $0.00
Job Creation Period: 32 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 98      Cumulative Taxes
Jobs Created: 43 Real Property Taxes Paid: $8,672,531.76
Jobs Retained: 55 Real Property Taxes Forgone: $1,333,423.81
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,196,207.15 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $10,989,387.72 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/6/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $1,095,470.71 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $204,987.71
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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