Business  |  Tax Incentives


JESS Lake Company LLC Agreement #17-001 
CRA # 132-01994-1P


Agreement Information
Community: AVON LAKE      ODOD Status: Active
County: Lorain      Agrmt Date: 4/28/2017
Local School District: Avon Lake SD      Amend. Date:
     Expiration Date: 12/31/2029
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $550,000.00 $275,000.00 $650,000.00 $1,475,000.00
Exemptions $275,000.00 $650,000.00 $925,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $75,000.00 $110,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained
Fulltime Permanent 17 $266,000.00
Fulltime Temporary
Parttime Permanent 5
Parttime Temporary
Job Creation Period: months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 13      Cumulative Taxes
Jobs Created: 13 Real Property Taxes Paid: $0.00
Jobs Retained: 0 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $108,535.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $1,557,751.00 Other Tax Incentives: $0.00
Personal Property: $555,117.00 TIRC Date: 12/12/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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