Business  |  Tax Incentives


V3 Seville Real Estate, LLC Agreement #16-001 
CRA # 103-03895-01


Agreement Information
Community: SEVILLE      ODOD Status: Active
County: Medina      Agrmt Date: 7/11/2016
Local School District: Cloverleaf Local SD      Amend. Date:
     Expiration Date: 12/31/2029
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $630,000.00 $560,000.00
Exemptions $560,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 12 years  
 
Personal Property
M & E F & F Inventory Total
Investments $25,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 26 $1,009,700.00
Fulltime Permanent 38 $1,045,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period: months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 40      Cumulative Taxes
Jobs Created: 40 Real Property Taxes Paid: $5,187.58
Jobs Retained: 0 Real Property Taxes Forgone: $5,187.58
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,045,000.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $634,000.00 Other Tax Incentives: $0.00
Personal Property: $25,000.00 TIRC Date: 2/21/2018
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $5,187.58 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $5,187.58
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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