Business  |  Tax Incentives


ELYRIA HUNDAI, ET. AL. Agreement #04-001 
CRA # 093-25256-03


Agreement Information
Community: ELYRIA CRA #1      ODOD Status: Active
County: LORAIN      Agrmt Date: 9/9/2004
Local School District: ELYRIA CITY SCHOOLS      Amend. Date:
     Expiration Date: 12/31/2019
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $1,950,000.00
Exemptions $1,170,000.00
 

Real Property Tax Incentives

Percentage  60 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments

Employment

Job and Payroll Commitments
Number Payroll
Retained
Fulltime Permanent 20 $900,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: 6 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 27      Cumulative Taxes
Jobs Created: 27 Real Property Taxes Paid: $310,673.00
Jobs Retained: 0 Real Property Taxes Forgone: $266,248.00
Total FTE in Ohio: Personal Property Taxes Paid: $37,141.00
New Payroll: $1,530,188.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $1,950,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 2/16/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $34,155.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $29,714.00
Personal Property Taxes Paid: $37,141.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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