Business  |  Tax Incentives


K&T PROPERTY DEVELOPMENT AND MANAGEMENT LLC Agreement #04-001 
CRA # 043-70380-01


Agreement Information
Community: SANDUSKY      ODOD Status: Active
County: Erie      Agrmt Date: 7/26/2004
Local School District:      Amend. Date:
     Expiration Date: 12/31/2018
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $620,000.00 $2,400,000.00 $0.00 $3,020,000.00
Exemptions $2,400,000.00 $0.00 $2,400,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 10 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 0 $0.00
Fulltime Permanent 2 $25,000.00
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: 1      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $0.00
Jobs Retained: 0 Real Property Taxes Forgone: $26,645.74
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $25,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $3,249,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 3/2/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $4,582.15
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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