Business  |  Tax Incentives


COWAN DIVERSIFIED DEVELOPMENT Agreement #01-001 
CRA # 012-01994-0P


Agreement Information
Community: HIGHLAND HEIGHTS      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 6/27/2001
Local School District: MAYFIELD CITY SD      Amend. Date:
     Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 6159

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,250,000.00 $1,250,000.00
Exemptions $0.00 $1,250,000.00 $1,250,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $250,000.00 $0.00 $250,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 35 $1,750,000.00
Fulltime Permanent 25 $750,000.00
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: 71      Cumulative Taxes
Jobs Created: 36 Real Property Taxes Paid: $515,301.00
Jobs Retained: 35 Real Property Taxes Forgone: $151,760.00
Total FTE in Ohio: Personal Property Taxes Paid: $46,752.00
New Payroll: $2,325,643.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $1,581,833.00 Other Tax Incentives: $0.00
Personal Property: $450,466.00 TIRC Date: 8/17/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $58,479.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $10,064.00
Personal Property Taxes Paid: $6,821.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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