Business  |  Tax Incentives


Palm House Apartments II, LLC Agreement #13-002 
CRA # 169-86548-01


Agreement Information
Community: WOOSTER      ODOD Status: Active
County: WAYNE      Agrmt Date: 3/14/2013
Local School District: WOOSTER CITY SD      Amend. Date:
     Expiration Date: 12/31/2024
School Comp Agreement: No      Revenue Sharing: No
  SIC Code: 531110

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $4,239,814.00 $0.00 $4,239,814.00
Exemptions $2,119,907.00 $0.00 $2,119,907.00
 

Real Property Tax Incentives

Percentage  50 %  
Term 10 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 2 $85,000.00
Fulltime Permanent 0 $0.00
Fulltime Temporary 0 $0.00
Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 0 months

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 2      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $193,045.94
Jobs Retained: 2 Real Property Taxes Forgone: $52,035.99
Total FTE in Ohio: Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone:
Project Investment
Real Property: $6,862,330.62 Other Tax Incentives: $0.00
Personal Property: $151,435.13 TIRC Date: 5/11/2017
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $31,173.48 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $12,635.99
Personal Property Taxes Paid: Annual Report Year: 2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:

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