Business  |  Tax Incentives


Royal Manor Health Care, Inc. formerly JADE REALTY AND LAGRANGE NURSING & REHABILITATION CENTER Agreement #05-001 
CRA # 093-02085-01


Agreement Information
Community: LAGRANGE      ODOD Status: Active
County: Lorain      Agrmt Date: 12/29/2005
Local School District:      Amend. Date:
     Expiration Date: 12/31/2018
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code: 623000

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $8,162,350.00 $8,162,350.00
Exemptions $0.00 $8,162,350.00 $8,162,350.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $300,000.00 $0.00 $300,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 56 $1,400,000.00
Fulltime Permanent 70 $2,000,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 188      Cumulative Taxes
Jobs Created: 188 Real Property Taxes Paid: $45,899.42
Jobs Retained: 0 Real Property Taxes Forgone: $953,599.88
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $4,309,018.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $8,000,000.00 Other Tax Incentives: $0.00
Personal Property: $834,000.00 TIRC Date: 3/14/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $6,851.86 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $162,960.96
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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