Business  |  Tax Incentives


NEW VILLAGE CORP.
Agreement #024-03-04
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 3/18/2003
Local School District:      Amend. Date:
Nature of Business: COMMERCIAL USE CONSTRUCTION      Expiration Date: 12/31/2014
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $1,388,235.00 $0.00 $1,388,235.00
Exemptions $1,388,235.00 $0.00 $1,388,235.00
 

Personal Property

M & E F & F Inventory Total
Investments $0.00 $0.00 $0.00 $0.00
Exemptions $0.00 $0.00 $0.00 $0.00
 

Incentives

Variable Rate Rate Term
Real No $60.00% 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 3 $62,400.00
     Fulltime Temporary 0 $0.00
     Parttime Permanent 0 $0.00
Parttime Temporary 0 $0.00
Job Creation Period: 3 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 5      Cumulative Taxes
Jobs Created: 5 Real Property Taxes Paid: $81,944.52
Jobs Retained: 0 Real Property Taxes Forgone: $117,431.00
Total FTE in Ohio: $5.00 Personal Property Taxes Paid: $0.00
New Payroll: $93,156.18 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,400,000.00 Other Tax Incentives: $0.00
Personal Property: $0.00 TIRC Date: 8/25/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $9,923.08 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $12,754.59
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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