Business  |  Tax Incentives


IMOD Management Group, LLC & Design Engineering, Inc. Agreement #12-001 
CRA # 132-01994-1P


Agreement Information
Community: AVON LAKE      ODOD Status: Active
County: LORAIN      Agrmt Date: 10/23/2012
Local School District: AVON LAKE CITY SD      Amend. Date:
     Expiration Date: 12/31/2023
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $40,000.00 $650,000.00 $690,000.00
Exemptions $30,000.00 $487,500.00 $517,500.00
 

Real Property Tax Incentives

Percentage  75 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $45,000.00 $20,000.00 $0.00 $65,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 17
Fulltime Permanent 5 $150,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 60 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 25      Cumulative Taxes
Jobs Created: 10 Real Property Taxes Paid: $110,339.00
Jobs Retained: 17 Real Property Taxes Forgone: $25,222.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $278,000.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $690,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/13/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $23,405.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $5,298.84
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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