Business  |  Tax Incentives


VALAM HOSPITALITY Agreement #08-001 
CRA # 161-79562-02


Agreement Information
Community: VAN WERT      ODOD Status: Active
County: Van Wert      Agrmt Date: 8/15/2008
Local School District:      Amend. Date:
     Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $3,000,000.00 $3,000,000.00
Exemptions $0.00 $3,000,000.00 $3,000,000.00
 

Real Property Tax Incentives

Percentage  90 %  
Term 9 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 7
Fulltime Permanent 9 $250,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 20      Cumulative Taxes
Jobs Created: 14 Real Property Taxes Paid: $45,104.00
Jobs Retained: 6 Real Property Taxes Forgone: $279,430.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $445,715.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $3,000,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 4/2/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $8,795.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $55,886.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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