Business  |  Tax Incentives


GATEWAY HOTEL ASSOCIATES, LLC Agreement #05-002 
CRA # 153-31664-01


Agreement Information
Community: GREEN      ODOD Status: Active
County: Summit      Agrmt Date: 7/1/2005
Local School District:      Amend. Date:
     Expiration Date: 12/31/2021
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 531390

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $8,000,000.00 $8,000,000.00
Exemptions $0.00 $8,000,000.00 $8,000,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $1,000,000.00 $0.00 $1,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 40 $743,460.00
Fulltime Temporary 0 $0.00
Parttime Permanent 8 $64,000.00
Parttime Temporary 0 $0.00
Job Creation Period: 18 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 48      Cumulative Taxes
Jobs Created: 48 Real Property Taxes Paid: $691,175.95
Jobs Retained: 0 Real Property Taxes Forgone: $617,679.42
Total FTE in Ohio: Personal Property Taxes Paid: $4,113.00
New Payroll: $986,319.64 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $9,480,801.03 Other Tax Incentives: $0.00
Personal Property: $2,119,116.10 TIRC Date: 6/16/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $84,104.42 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $82,428.19
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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