Business  |  Tax Incentives


Village at Watermark, LLC & Watermark Commercial, LLC Agreement #10-001 
CRA # 153-19778-01


Agreement Information
Community: CUYAHOGA FALLS      ODOD Status: Active
County: Summit      Agrmt Date: 9/7/2010
Local School District:      Amend. Date:
     Expiration Date: 12/31/2028
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 531110

Real Property

Acquisition Improvements New Construction Total
Investments $825,000.00 $0.00 $8,000,000.00 $8,825,000.00
Exemptions $0.00 $4,000,000.00 $4,000,000.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 15 years  
 
Personal Property
M & E F & F Inventory Total
Investments $0.00 $400,000.00 $0.00 $400,000.00

Employment

Job and Payroll Commitments
Number Payroll
Retained 0 $0.00
Fulltime Permanent 20 $0.00
Fulltime Temporary 24 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 24 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 39      Cumulative Taxes
Jobs Created: 39 Real Property Taxes Paid: $100,103.00
Jobs Retained: 0 Real Property Taxes Forgone: $13,443.00
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $1,120,806.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $8,062,620.00 Other Tax Incentives: $0.00
Personal Property: $1,136,650.00 TIRC Date: 6/15/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $28,665.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $13,443.00
Personal Property Taxes Paid: Annual Report Year: 2015
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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