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KENDEL WELDING AND FABRICATION/KAMENDED TECHNOLOGIES LLC
Agreement #035-03-01
Zone 035


Agreement Information

Community: MASSILLON      ODOD Status: Active
County: STARK      Agrmt Date: 4/8/2003
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2016
School Comp Agreement: No      Revenue Sharing: No
Estimated Annual School Compensation SIC Code:

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $0.00 $515,000.00 $515,000.00
Exemptions $0.00 $515,000.00 $515,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $186,000.00 $30,000.00 $0.00 $216,000.00
Exemptions $186,000.00 $30,000.00 $0.00 $216,000.00
 

Incentives

Variable Rate Rate Term
Real No $75.00% 10 yrs
Personal No $75.00% 10 yrs
 

Relocations

From Out of State: No State: Jobs: 0
In State: No Community: Yes Jobs: 6
Waiver Issued by ODOD: None
 

Employment

Existing Employment Job and Payroll Commitments
Employment at site: 0      Number Payroll
Employment in Ohio: 6      Retained 6 $270,000.00
     Fulltime Permanent 4 $160,000.00
     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: 5      Cumulative Taxes
Jobs Created: 0 Real Property Taxes Paid: $32,396.46
Jobs Retained: 4 Real Property Taxes Forgone: $27,157.40
Total FTE in Ohio: $5.00 Personal Property Taxes Paid: $0.00
New Payroll: $0.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $620,000.00 Other Tax Incentives: $0.00
Personal Property: $49,000.00 TIRC Date: 3/23/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $3,528.94 Local Gov't. Action/Status: NA
Real Property Taxes Forgone: $2,998.44
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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