Business  |  Tax Incentives


LIBERTY PLACE LLC
Agreement #023-04-08
Zone 023


Agreement Information

Community: COLUMBUS      ODOD Status: Active
County: FRANKLIN      Agrmt Date: 11/10/2004
Local School District:      Amend. Date:
Nature of Business: APARTMENT DEVELOPMENT      Expiration Date: 12/31/2017
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 6513

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $14,200,000.00 $14,200,000.00
Exemptions $0.00 $14,200,000.00 $14,200,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $160,000.00 $0.00 $160,000.00
Exemptions $0.00 $160,000.00 $0.00 $160,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $0.00% 0 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: 0      Number Payroll
Employment in Ohio: 0      Retained 0 $0.00
     Fulltime Permanent 10 $205,000.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 2 $20,000.00
Parttime Temporary 0 $0.00
Job Creation Period: 48 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 6      Cumulative Taxes
Jobs Created: 6 Real Property Taxes Paid: $865,244.28
Jobs Retained: 0 Real Property Taxes Forgone: $1,767,240.83
Total FTE in Ohio: $6.00 Personal Property Taxes Paid: $0.00
New Payroll: $236,883.17 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $18,036,393.00 Other Tax Incentives: $0.00
Personal Property: $120,000.00 TIRC Date: 8/20/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $126,682.98 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $254,682.98
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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