Business  |  Tax Incentives


Ganley Real Estate Co. dba VW SUBARU Agreement #04-001 
CRA # 035-00295-01


Agreement Information
Community: BEDFORD      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 4/19/2004
Local School District:      Amend. Date:
     Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,004,000.00 $2,004,000.00
Exemptions $0.00 $2,004,000.00 $2,004,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $925,000.00 $75,000.00 $4,000,000.00 $5,000,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 42 $1,600,000.00
Fulltime Permanent 50 $1,900,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: 120 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 114      Cumulative Taxes
Jobs Created: 72 Real Property Taxes Paid: $583,377.50
Jobs Retained: 42 Real Property Taxes Forgone: $328,282.64
Total FTE in Ohio: Personal Property Taxes Paid: $48,836.14
New Payroll: $4,822,346.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $4,436,470.00 Other Tax Incentives: $0.00
Personal Property: $10,987,248.00 TIRC Date: 8/30/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $58,205.58 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $41,140.77
Personal Property Taxes Paid: $0.00 Annual Report Year: 2016
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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