Business  |  Tax Incentives


WESTAR/POLARIS OFFICE II LLC Agreement #03-002 
CRA # 049-04580-03


Agreement Information
Community: WESTERVILLE      ODOD Status: Active
County: FRANKLIN      Agrmt Date: 4/9/2003
Local School District: OLENTANGY LOCAL S.D.      Amend. Date:
     Expiration Date: 12/31/2019
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $12,900,000.00 $12,900,000.00
Exemptions $0.00 $12,900,000.00 $12,900,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 15 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 0 $0.00
Fulltime Permanent 500 $17,500,000.00
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: 494      Cumulative Taxes
Jobs Created: 494 Real Property Taxes Paid: $554,049.72
Jobs Retained: 0 Real Property Taxes Forgone: $5,048,342.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $44,607,074.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $13,668,228.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/8/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $49,269.72 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $394,479.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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