Business  |  Tax Incentives


AFR Properties, LLC Agreement #09-002 
CRA # 035-05690-01


Agreement Information
Community: BEREA      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 6/15/2009
Local School District: BEREA CITY SD      Amend. Date:
     Expiration Date: 12/31/2020
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $300,000.00 $0.00 $500,000.00 $800,000.00
Exemptions $0.00 $250,000.00 $250,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $100,000.00 $0.00 $100,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 3 $250,000.00
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: 10      Cumulative Taxes
Jobs Created: 6 Real Property Taxes Paid: $57,858.00
Jobs Retained: 4 Real Property Taxes Forgone: $34,639.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $317,926.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $467,300.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 7/19/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $10,120.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $6,075.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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