Business  |  Tax Incentives


NORTH GATEWAY TIRE CO. INC. Agreement #06-001 
CRA # 103-03895-01


Agreement Information
Community: SEVILLE      ODOD Status: Active
County: Medina      Agrmt Date: 12/11/2006
Local School District:      Amend. Date:
     Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 423130

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $4,600,800.00 $4,600,800.00
Exemptions $0.00 $4,600,800.00 $4,600,800.00
 

Real Property Tax Incentives

Percentage  60 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $300,000.00 $100,000.00 $1,500,000.00 $1,900,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 5 $110,000.00
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: 38      Cumulative Taxes
Jobs Created: 38 Real Property Taxes Paid: $227,853.13
Jobs Retained: 0 Real Property Taxes Forgone: $341,780.25
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,800,000.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $4,600,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/3/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $30,614.34 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $45,961.78
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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