Business  |  Tax Incentives


UNIVERSITY HOSPITALS HEALTH SYSTEM Agreement #07-001 
CRA # 153-04310-01


Agreement Information
Community: TWINSBURG      ODOD Status: Active
County: Summit      Agrmt Date: 1/19/2007
Local School District:      Amend. Date:
     Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $13,600,000.00 $13,600,000.00
Exemptions $0.00 $13,600,000.00 $13,600,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $1,450,000.00 $550,000.00 $0.00 $2,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 31 $1,650,000.00
Fulltime Permanent 38 $1,900,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 73      Cumulative Taxes
Jobs Created: 40 Real Property Taxes Paid: $922,358.00
Jobs Retained: 31 Real Property Taxes Forgone: $450,007.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $7,300,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $13,524,730.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/24/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $58,524.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $31,513.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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