Business  |  Tax Incentives


Sunrise Hospitality, Inc. Agreement #11-001 
CRA # 093-25256-03


Agreement Information
Community: ELYRIA      ODOD Status: Active
County: Lorain      Agrmt Date: 10/13/2011
Local School District:      Amend. Date:
     Expiration Date: 12/31/2028
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $5,000,000.00 $5,000,000.00
Exemptions $0.00 $5,000,000.00 $5,000,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $1,000,000.00 $0.00 $1,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 11 $300,000.00
Fulltime Temporary 14 $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: 15      Cumulative Taxes
Jobs Created: 15 Real Property Taxes Paid: $260,768.00
Jobs Retained: 15 Real Property Taxes Forgone: $95,208.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $464,305.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $5,623,829.00 Other Tax Incentives: $0.00
Personal Property: $2,174,314.00 TIRC Date: 2/19/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $86,158.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $47,604.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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