Business  |  Tax Incentives


Arkay Properties LLC Agreement #14-100 
CRA # 153-19778-01


Agreement Information
Community: CUYAHOGA FALLS      ODOD Status: Active
County: Summit      Agrmt Date: 12/8/2014
Local School District: Cuyahoga Falls SD      Amend. Date:
     Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $168,000.00 $1,160,000.00
Exemptions $1,160,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 5 years  
 
Personal Property
M & E F & F Inventory Total
Investments $10,000.00 $20,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 12 $676,000.00
Fulltime Permanent 5 $200,000.00
Fulltime Temporary 2 $50,000.00
Parttime Permanent
Parttime Temporary
Job Creation Period: 1 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 14      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $2,125,898.00
Jobs Retained: 13 Real Property Taxes Forgone: $18,019.04
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $40,946.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $1,425,600.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 6/1/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $10,792.25 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $9,139.51
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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