Business  |  Tax Incentives


JOHN AND ADELBERT SPITZER Agreement #04-001 
CRA # 093-25256-01


Agreement Information
Community: ELYRIA CRA #3      ODOD Status: Active
County: Lorain      Agrmt Date: 10/20/2004
Local School District:      Amend. Date:
     Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $520,000.00 $520,000.00
Exemptions $416,000.00
 

Real Property Tax Incentives

Percentage  80 %  
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 22 $1,200,000.00
Fulltime Permanent
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 21      Cumulative Taxes
Jobs Created: 5 Real Property Taxes Paid: $101,421.34
Jobs Retained: 16 Real Property Taxes Forgone: $38,315.92
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $50,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $558,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 2/19/2016
Previous Year Taxes TIRC Recommendation: MODIFY
Real Property Taxes Paid: $10,868.40 Local Gov't. Action/Status: MODIFY
Real Property Taxes Forgone: $3,389.20
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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