Business  |  Tax Incentives


ANDRUS LAKEFRONT LTD. Agreement #07-001 
CRA # 007-29652-01


Agreement Information
Community: GENEVA-ON-THE-LAKE      ODOD Status: Active
County: Ashtabula      Agrmt Date: 4/18/2007
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 $550,000.00 $0.00 $12,000,000.00 $12,550,000.00
Exemptions $0.00 $12,000,000.00 $12,000,000.00
 

Real Property Tax Incentives

Percentage  60 %  
Term 7 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 3 $180,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $173,763.88
Jobs Retained: 0 Real Property Taxes Forgone: $141,481.68
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $38,333.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $8,546,475.74 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $99,656.53 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $23,396.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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