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AMERICAN HERITAGE BILLARDS LLC & CINQUEST ENTERPRISES LLC
Agreement #138-05-03
Zone 138


Agreement Information

Community: STREETSBORO      ODOD Status: Active
County: PORTAGE      Agrmt Date: 8/30/2005
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2020
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 25.0000 SIC Code: 337122

Real Property

Acquisition Improvements New Construction Total
Investments $1,315,000.00 $0.00 $6,198,242.00 $7,513,242.00
Exemptions $0.00 $6,198,242.00 $6,198,242.00
 

Personal Property

M & E F & F Inventory Total
Investments $250,000.00 $10,000.00 $750,000.00 $1,010,000.00
Exemptions $250,000.00 $10,000.00 $750,000.00 $260,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 12 yrs
Personal No $100.00% 10 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: 25      Number Payroll
Employment in Ohio: 25      Retained 25 $1,985,000.00
     Fulltime Permanent 3 $120,000.00
     Fulltime Temporary 4 $48,000.00
     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: 39      Cumulative Taxes
Jobs Created: 14 Real Property Taxes Paid: $199,554.00
Jobs Retained: 25 Real Property Taxes Forgone: $1,058,003.00
Total FTE in Ohio: $39.00 Personal Property Taxes Paid: $278,979.00
New Payroll: $893,785.00 Personal Prop. Taxes Forgone: $90,703.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $8,022,005.00 Other Tax Incentives: $0.00
Personal Property: $2,454,120.00 TIRC Date: 3/17/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $21,921.95 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $123,412.39
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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