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NORTHERN MANUFACTURING COMPANY
Agreement #385-04-01
Zone 385


Agreement Information

Community: OAK HARBOR      ODOD Status: Active
County: OTTAWA      Agrmt Date: 11/2/2004
Local School District:      Amend. Date:
Nature of Business: MANUFACTURING      Expiration Date: 12/31/2019
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 2800.0000 SIC Code: 332322

Real Property

Acquisition Improvements New Construction Total
Investments $0.00 $125,000.00 $0.00 $125,000.00
Exemptions $125,000.00 $0.00 $125,000.00
 

Personal Property

M & E F & F Inventory Total
Investments $1,050,000.00 $0.00 $125,000.00 $1,175,000.00
Exemptions $1,050,000.00 $0.00 $125,000.00 $1,050,000.00
 

Incentives

Variable Rate Rate Term
Real No $100.00% 10 yrs
Personal No $100.00% 15 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: 66      Number Payroll
Employment in Ohio: 66      Retained 0 $0.00
     Fulltime Permanent 6 $225,000.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 36 months
 

Performance/Compliance

 
Agreement Status is: Active
Total full time equivalents at Site: 45      Cumulative Taxes
Jobs Created: 6 Real Property Taxes Paid: $0.00
Jobs Retained: 6 Real Property Taxes Forgone: $18,529.12
Total FTE in Ohio: $129.00 Personal Property Taxes Paid: $0.00
New Payroll: $225,000.00 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $125,000.00 Other Tax Incentives: $0.00
Personal Property: $125,000.00 TIRC Date: 7/15/2015
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $0.00 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $2,498.12
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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