Business  |  Tax Incentives


MANGUS & TERRANOVA INVESTMENTS AND ACCEL GROUP Agreement #05-001 
CRA # 103-04445-01


Agreement Information
Community: WADSWORTH      ODOD Status: Active
County: Medina      Agrmt Date: 10/27/2005
Local School District:      Amend. Date:
     Expiration Date: 12/31/2015
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 2541

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $50,000.00 $9,400,000.00 $9,450,000.00
Exemptions $50,000.00 $940,000.00 $990,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $100,000.00 $50,000.00 $750,000.00 $900,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 20 $750,000.00
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: 68      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $340,767.01
Jobs Retained: 68 Real Property Taxes Forgone: $164,461.46
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $3,050,783.00 Other Tax Incentives: $0.00
Personal Property: $1,521,181.00 TIRC Date: 3/14/2013
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $30,916.18 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $3,091,544.00
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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