Business  |  Tax Incentives


CLEVELAND EAST HOTEL LLC Agreement #04-001 
CRA # 035-80990-02


Agreement Information
Community: WARRENSVILLE HEIGHTS      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 2/3/2004
Local School District:      Amend. Date:
     Expiration Date: 12/31/2016
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 7011

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $22,300,000.00 $22,300,000.00
Exemptions $0.00 $22,300,000.00 $22,300,000.00
 

Real Property Tax Incentives

Percentage  7 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $5,700,000.00 $0.00 $5,700,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 100 $3,600,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 60 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 83      Cumulative Taxes
Jobs Created: 83 Real Property Taxes Paid: $8,294,972.00
Jobs Retained: 0 Real Property Taxes Forgone: $502,181.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $2,990,667.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $22,300.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 7/28/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $854,404.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $49,770.00
Personal Property Taxes Paid: $95,614.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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