Business  |  Tax Incentives


CENTRAL HOTEL APARTMENTS LTD. Agreement #04-001 
CRA # 033-29162-01


Agreement Information
Community: GALION      ODOD Status: Active
County: CRAWFORD      Agrmt Date: 7/27/2004
Local School District: GALION CITY SCHOOL DISTRICT      Amend. Date:
     Expiration Date: 12/31/2017
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $1,000,000.00 $1,500,000.00
Exemptions $1,000,000.00 $1,500,000.00 $2,500,000.00
 

Real Property Tax Incentives

Percentage   %  
Term years  
 
Personal Property
M & E F & F Inventory Total
Investments $42,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained
Fulltime Permanent 2 $30,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: 21 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $10,736.73
Jobs Retained: 0 Real Property Taxes Forgone: $16,521.44
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $26,238.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $1,532,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 5/10/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $902.12 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $16,521.44
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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