Business  |  Tax Incentives


BENDICK, INC.AND CECIL'S TRACK SIDE DINER Agreement #03-001 
CRA # 093-04545-01


Agreement Information
Community: WELLINGTON      ODOD Status: Active
County: Lorain      Agrmt Date: 11/5/2003
Local School District:      Amend. Date:
     Expiration Date:
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $700,000.00 $700,000.00
Exemptions $0.00 $700,000.00 $700,000.00
 

Real Property Tax Incentives

Percentage   %  
Term years  
 
Personal Property
M & E F & F Inventory Total
Investments $100,000.00 $0.00 $30,000.00 $130,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 4 $150,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 6 $70,000.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 20      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $13,266.58
Jobs Retained: 10 Real Property Taxes Forgone: $97,810.40
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $260,000.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $850,000.00 Other Tax Incentives: $0.00
Personal Property: $1,500,000.00 TIRC Date: 3/10/2015
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $806.14 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $7,151.94
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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