Business  |  Tax Incentives


DARAMAR LIMITED LLC & CORNWELL QUALITY TOOLS COMPANY Agreement #06-001 
CRA # 103-04445-01


Agreement Information
Community: WADSWORTH      ODOD Status: Active
County: Medina      Agrmt Date: 11/22/2006
Local School District:      Amend. Date:
     Expiration Date: 12/31/2014
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 5013

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $1,100,000.00 $1,100,000.00
Exemptions $0.00 $1,100,000.00 $1,100,000.00
 

Real Property Tax Incentives

Percentage  40 %  
Term 8 years  
 
Personal Property
M & E F & F Inventory Total
Investments $100,000.00 $0.00 $0.00 $100,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 5 $150,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 15 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 95      Cumulative Taxes
Jobs Created: 40 Real Property Taxes Paid: $78,730.22
Jobs Retained: 55 Real Property Taxes Forgone: $52,483.48
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $600,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $1,232,000.00 Other Tax Incentives: $0.00
Personal Property: $320,000.00 TIRC Date: 3/16/2016
Previous Year Taxes TIRC Recommendation: EXPIRE
Real Property Taxes Paid: $8,158.36 Local Gov't. Action/Status: EXPIRE
Real Property Taxes Forgone: $5,438.72
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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