Business  |  Tax Incentives


SATRAJ, LTD
Agreement #024-03-05
Zone 024


Agreement Information

Community: CLEVELAND      ODOD Status: Active
County: CUYAHOGA      Agrmt Date: 2/27/2003
Local School District:      Amend. Date:
Nature of Business: ELECTRICAL CONTRACTING      Expiration Date: 2/27/2014
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code: 1731

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $1,400,000.00 $0.00 $1,400,000.00
Exemptions $1,400,000.00 $0.00 $1,400,000.00
 

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: 70      Number Payroll
Employment in Ohio: 70      Retained 0 $1,250,000.00
     Fulltime Permanent 95 $1,178,575.00
     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: 58      Cumulative Taxes
Jobs Created: 58 Real Property Taxes Paid: $315,109.04
Jobs Retained: 0 Real Property Taxes Forgone: $369,931.00
Total FTE in Ohio: $74.00 Personal Property Taxes Paid: $0.00
New Payroll: $3,197,332.00 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: $20,000.00 TIRC Date: 8/18/2014
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $60,519.04 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $0.00
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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