Business  |  Tax Incentives


TOWNE CENTER APTS. LTD. Agreement #04-001 
CRA # 132-01994-1P


Agreement Information
Community: AVON LAKE      ODOD Status: Active
County: LORAIN      Agrmt Date: 5/4/2004
Local School District: AVON LAKE CSD      Amend. Date:
     Expiration Date:
School Comp Agreement: Yes      Revenue Sharing: No
  SIC Code:

Real Property
Acquisition Improvements New Construction Total
Investments $900,000.00 $0.00 $21,200,000.00 $22,100,000.00
Exemptions $0.00 $21,200,000.00 $21,200,000.00
 

Real Property Tax Incentives
Percentage  100 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments $750,000.00 $0.00 $0.00 $750,000.00

Employment
Job and Payroll Commitments
Number Payroll
Retained 70 $1,600,000.00
Fulltime Permanent
Fulltime Temporary
Parttime Permanent 25 $600,000.00
Parttime Temporary
Job Creation Period: 24 months

Performance/Compliance
 
Agreement Status is: Active
Total full time equivalents at Site: 207      Cumulative Taxes
Jobs Created: 207 Real Property Taxes Paid: $348,952.00
Jobs Retained: 0 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $6,597,543.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $21,257,837.00 Other Tax Incentives: $0.00
Personal Property: $1,595,147.00 TIRC Date: 3/13/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $39,744.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2017
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid:

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