Business  |  Tax Incentives


SOUTH MOUNTAIN PROPERTIES LLC Agreement #05-001 
CRA # 093-25256-02


Agreement Information
Community: ELYRIA CRA #2      ODOD Status: Active
County: Lorain      Agrmt Date: 3/23/2005
Local School District:      Amend. Date:
     Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $550,000.00 $550,000.00
Exemptions $0.00 $550,000.00 $550,000.00
 

Real Property Tax Incentives

Percentage  80 %  
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 23 $775,000.00
Fulltime Permanent 2 $150,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 3 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 19      Cumulative Taxes
Jobs Created: 4 Real Property Taxes Paid: $49,140.90
Jobs Retained: 19 Real Property Taxes Forgone: $104,528.08
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $71,020.88 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $658,916.00 Other Tax Incentives: $0.00
Personal Property: $83,000.00 TIRC Date: 2/19/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $6,350.56 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $12,769.08
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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