Business  |  Tax Incentives


Towne Care Center LLC Agreement #14-100 
CRA # 132-01994-1P


Agreement Information
Community: AVON LAKE      ODOD Status: Active
County: Lorain      Agrmt Date: 12/22/2014
Local School District: Avon Lake SD      Amend. Date:
     Expiration Date: 12/31/2019
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 623312

Real Property

Acquisition Improvements New Construction Total
Investments $6,200,000.00
Exemptions $6,200,000.00
 

Real Property Tax Incentives

Percentage  100 %  
Term 10 years  
 
Personal Property
M & E F & F Inventory Total
Investments

Employment

Job and Payroll Commitments
Number Payroll
Retained
Fulltime Permanent 32 $760,000.00
Fulltime Temporary 100 $3,000,000.00
Parttime Permanent
Parttime Temporary
Job Creation Period: months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 16      Cumulative Taxes
Jobs Created: 16 Real Property Taxes Paid: $0.00
Jobs Retained: 0 Real Property Taxes Forgone: $0.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $270,567.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $6,559,351.00 Other Tax Incentives: $0.00
Personal Property: $385,334.00 TIRC Date: 3/13/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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