Business  |  Tax Incentives


BUCKEYE PUMPS, INC. & FALK REALTY, LLC
Agreement #021-05-01
Zone 021


Agreement Information

Community: GALION      ODOD Status: Active
County: CRAWFORD      Agrmt Date: 4/8/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2021
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 7706.0000 SIC Code: 5084

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $700,000.00 $700,000.00
Exemptions $0.00 $700,000.00 $700,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $75,000.00 $50,000.00 $75,000.00 $200,000.00
Exemptions $75,000.00 $50,000.00 $75,000.00 $125,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 15 yrs
Personal No $100.00% 15 yrs
 

Relocations

From Out of State: No State: Jobs: 0
In State: No Community: Jobs: 0
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 17      Number Payroll
Employment in Ohio: 31      Retained 17 $670,000.00
     Fulltime Permanent 6 $60,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 19      Cumulative Taxes
Jobs Created: 1 Real Property Taxes Paid: $300,000.00
Jobs Retained: 19 Real Property Taxes Forgone: $130,000.00
Total FTE in Ohio: $23.00 Personal Property Taxes Paid: $27,544.00
New Payroll: $42,500.00 Personal Prop. Taxes Forgone: $54,949.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,067,673.00 Other Tax Incentives: $0.00
Personal Property: $380,043.00 TIRC Date: 5/12/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $3,000.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $13,000.00
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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