Business  |  Tax Incentives


LMN Development, LLC Agreement #11-001 
CRA # 043-37030-01


Agreement Information
Community: HURON (TOWNSHIP OF); PERKINS (TOWNSHIP OF)      ODOD Status: Active
County: Erie      Agrmt Date: 3/9/2011
Local School District:      Amend. Date:
     Expiration Date: 12/31/2027
School Comp Agreement: Yes      Revenue Sharing: Yes
  SIC Code: 721110

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $22,800,000.00 $5,300,000.00 $28,100,000.00
Exemptions $22,800,000.00 $5,300,000.00 $28,100,000.00
 

Real Property Tax Incentives

Percentage  100 %  
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 960 $14,600,000.00
Fulltime Permanent 140 $2,250,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 20 $1,100,000.00
Parttime Temporary 0 $140,000.00
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 1087      Cumulative Taxes
Jobs Created: 127 Real Property Taxes Paid: $273,344.39
Jobs Retained: 960 Real Property Taxes Forgone: $830,383.93
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,424,413.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $26,800,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/2/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $70,410.36 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $211,231.09
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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