Business  |  Tax Incentives


FIRST FEDERAL BANK OF THE MIDWEST
Agreement #060-06-02
Zone 060


Agreement Information

Community: DEFIANCE      ODOD Status: Active
County: DEFIANCE      Agrmt Date: 8/10/2006
Local School District:      Amend. Date:
Nature of Business: DATA PROCESSING      Expiration Date: 12/31/2020
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 8.0000 SIC Code: 522110

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $7,300,000.00 $7,300,000.00
Exemptions $0.00 $7,300,000.00 $7,300,000.00
 

Personal Property

M & E F & F Inventory Total
Investments
Exemptions
 

Incentives

Variable Rate Rate Term
Real No $80.00% 12 yrs
Personal No $0.00% yrs
 

Relocations

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

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 192      Number Payroll
Employment in Ohio: 432      Retained
     Fulltime Permanent 31 $973,300.00
     Fulltime Temporary
     Parttime Permanent 4
Parttime Temporary
Job Creation Period: months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 142      Cumulative Taxes
Jobs Created: 88 Real Property Taxes Paid: $80,642.29
Jobs Retained: 0 Real Property Taxes Forgone: $250,746.12
Total FTE in Ohio: $398.00 Personal Property Taxes Paid: $0.00
New Payroll: $3,639,560.24 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $7,408,126.01 Other Tax Incentives: $0.00
Personal Property: $516,298.69 TIRC Date: 4/29/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $12,381.32 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $30,683.53
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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