Business  |  Tax Incentives


Toledo Lucas County Port Authority, formerly 4500 Dorr Street Holdings, LLC & Health Care REIT, Inc. Agreement #09-002 
CRA # 095-04265-02


Agreement Information
Community: TOLEDO      ODOD Status: Active
County: LUCAS      Agrmt Date: 9/30/2009
Local School District: TOLEDO CITY SD      Amend. Date:
     Expiration Date: 12/31/2023
School Comp Agreement: Yes      Revenue Sharing: Yes
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $12,000,000.00 $0.00 $12,000,000.00
Exemptions $12,000,000.00 $0.00 $12,000,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 12 years  
 
Personal Property
M & E F & F Inventory Total
Investments $1,000,000.00 $1,000,000.00 $0.00 $2,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 68 $16,483,433.00
Fulltime Permanent 35 $2,100,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 175      Cumulative Taxes
Jobs Created: 107 Real Property Taxes Paid: $1,601,910.19
Jobs Retained: 68 Real Property Taxes Forgone: $2,072,223.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $17,312,006.31 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $11,098,800.00 Other Tax Incentives: $0.00
Personal Property: $1,850,000.00 TIRC Date: 9/29/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $272,940.96 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $373,431.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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