Business  |  Tax Incentives


GREAT LAKES CONSTRUCTION CO./ HOPEWELL DEVELOPMENT CO. Agreement #99-001 
CRA # 103-00040-01


Agreement Information
Community: HINCKLEY TOWNSHIP      ODOD Status: Active
County: Medina      Agrmt Date: 5/14/1999
Local School District:      Amend. Date:
     Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 1611

Real Property

Acquisition Improvements New Construction Total
Investments $749,100.00 $0.00 $4,615,900.00 $5,365,000.00
Exemptions $0.00 $4,615,900.00 $4,615,900.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 14 years  
 
Personal Property
M & E F & F Inventory Total
Investments $330,000.00 $600,000.00 $0.00 $930,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 65 $1,900,000.00
Fulltime Permanent 10 $400,000.00
Fulltime Temporary 0 $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: 110      Cumulative Taxes
Jobs Created: 45 Real Property Taxes Paid: $443,608.32
Jobs Retained: 55 Real Property Taxes Forgone: $4,433,605.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $3,150,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $6,150,000.00 Other Tax Incentives: $0.00
Personal Property: $13,000,000.00 TIRC Date: 3/8/2016
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $45,419.28 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $45,419.96
Personal Property Taxes Paid: $147,934.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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