Business  |  Tax Incentives


KING-MARG DEVELOPMENT CO. LLP Agreement #99-001 
CRA # 035-00300-01


Agreement Information
Community: BEDFORD HEIGHTS      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 4/12/1999
Local School District:      Amend. Date:
     Expiration Date: 12/31/2014
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 4225

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,800,000.00 $1,800,000.00
Exemptions $0.00 $1,800,000.00 $1,800,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 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 20 $2,000,000.00
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: 0      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $156,448.00
Jobs Retained: 0 Real Property Taxes Forgone: $156,448.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $2,575,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/13/2013
Previous Year Taxes TIRC Recommendation: TERMINATE
Real Property Taxes Paid: $22,548.00 Local Gov't. Action/Status: TERMINATE
Real Property Taxes Forgone: $22,548.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2013
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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