Business  |  Tax Incentives


Hotel Stow, LP Agreement #01-001 
CRA # 153-74944-01


Agreement Information
Community: STOW      ODOD Status: Active
County: Summit      Agrmt Date: 8/3/2001
Local School District:      Amend. Date:
     Expiration Date: 12/31/2021
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code: 7211

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $6,060,000.00 $6,060,000.00
Exemptions $0.00 $6,060,000.00 $6,060,000.00
 

Real Property Tax Incentives

Percentage  83 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 25 $0.00
Fulltime Temporary 0 $0.00
Parttime Permanent 10 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 12 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 30      Cumulative Taxes
Jobs Created: 30 Real Property Taxes Paid: $90,275.96
Jobs Retained: 0 Real Property Taxes Forgone: $920,157.47
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $598,007.65 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $6,748,932.75 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/27/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $11,996.06 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $121,562.53
Personal Property Taxes Paid: $17,719.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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