Business  |  Tax Incentives


RICHMOND ROAD PARTNERS LLC AND KOWIT & PASSOV Agreement #07-001 
CRA # 035-80990-03


Agreement Information
Community: WARRENSVILLE HEIGHTS      ODOD Status: Active
County: Cuyahoga      Agrmt Date: 10/22/2007
Local School District:      Amend. Date:
     Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 6531

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $2,000,000.00 $2,000,000.00
Exemptions $0.00 $2,000,000.00 $2,000,000.00
 

Real Property Tax Incentives

Percentage  49 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $300,000.00 $0.00 $300,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 42 $3,684,774.00
Fulltime Temporary 0 $0.00
Parttime Permanent 4 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 41      Cumulative Taxes
Jobs Created: 41 Real Property Taxes Paid: $204,409.00
Jobs Retained: 0 Real Property Taxes Forgone: $122,852.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,575,000.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $2,000,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/13/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $30,794.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $16,226.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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