Business  |  Tax Incentives


PORTSIDE HOLDINGS, LLC. Agreement #08-001 
CRA # 103-00075-01


Agreement Information
Community: SHARON TOWNSHIP      ODOD Status: Active
County: Medina      Agrmt Date: 12/31/2008
Local School District:      Amend. Date:
     Expiration Date: 12/31/2022
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $3,600,000.00
Exemptions $3,600,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 14 years  
 
Personal Property
M & E F & F Inventory Total
Investments $600,000.00 $125,000.00 $600,000.00 $1,325,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 21
Fulltime Permanent 6 $300,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 33      Cumulative Taxes
Jobs Created: 12 Real Property Taxes Paid: $18,610.94
Jobs Retained: 21 Real Property Taxes Forgone: $186,610.94
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $919,979.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $4,035,325.00 Other Tax Incentives: $0.00
Personal Property: $213,049.00 TIRC Date: 3/8/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $25,684.64 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $25,685.18
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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