Business  |  Tax Incentives


LMD PROPERTY LTD. Agreement #05-001 
CRA # 151-03105-01


Agreement Information
Community: NORTH CANTON      ODOD Status: Active
County: Stark      Agrmt Date: 9/22/2005
Local School District:      Amend. Date:
     Expiration Date: 12/31/2018
School Comp Agreement: No      Revenue Sharing: No
  SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $300,000.00 $0.00 $300,000.00
Exemptions $300,000.00 $0.00 $300,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 12 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00

Employment

Job and Payroll Commitments
Number Payroll
Retained
Fulltime Permanent 6 $180,000.00
Fulltime Temporary 0 $0.00
Parttime Permanent 5 $50,000.00
Parttime Temporary 40 $100,000.00
Job Creation Period: 24 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 14      Cumulative Taxes
Jobs Created: 14 Real Property Taxes Paid: $286,182.32
Jobs Retained: 0 Real Property Taxes Forgone: $37,022.20
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $923,862.00 Personal Prop. Taxes Forgone: $0.00
Project Investment
Real Property: $300,000.00 Other Tax Incentives: $0.00
Personal Property: $300,000.00 TIRC Date: 3/8/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $48,057.54 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $6,651.12
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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