Business  |  Tax Incentives


THE NORTHERN SAVINGS & LOAN COMPANY Agreement #03-001 
CRA # 093-25256-01


Agreement Information
Community: ELYRIA      ODOD Status: Active
County: Lorain      Agrmt Date: 7/11/2003
Local School District:      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 $100,000.00 $2,400,000.00 $2,500,000.00
Exemptions $100,000.00 $2,400,000.00 $2,500,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 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 0 $0.00
Fulltime Permanent 13 $250,000.00
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: 11      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $295,168.00
Jobs Retained: 11 Real Property Taxes Forgone: $93,049.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $3,222,788.00 Other Tax Incentives: $0.00
Personal Property: $305,196.00 TIRC Date: 2/19/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $26,826.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $6,068.00
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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