Business  |  Tax Incentives

BIW Properties, LLC Agreement #15-001 
CRA # 035-56882-01

Agreement Information
Community: NORTH OLMSTED      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 12/1/2015
Local School District: North Olmsted City Schools & Polaris Career Center      Amend. Date:
     Expiration Date: 12/31/2027
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $865,946.00 $10,490,278.00
Exemptions $10,490,278.00

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
Personal Property
M & E F & F Inventory Total
Investments $1,575,579.00


Job and Payroll Commitments
Number Payroll
Fulltime Permanent 20 $610,000.00
Fulltime Temporary
Parttime Permanent 18 $190,000.00
Parttime Temporary
Job Creation Period: 36 months


Agreement Status is: Active
Total full time equivalents at Site: 15      Cumulative Taxes
Jobs Created: 15 Real Property Taxes Paid: $118,002.04
Jobs Retained: 0 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $196,650.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $10,490,278.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/1/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $59,221.76 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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