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Tax Incentives
V & P PROPERTIES LTD.
Agreement #
04-002
CRA #
003-02205-04
Agreement Information
Community:
LIMA
ODOD Status:
Active
County:
ALLEN
Agrmt Date:
9/3/2004
Local School District:
LIMA CITY SCHOOL DISTRICT
Amend. Date:
Expiration Date:
12/31/2019
School Comp Agreement:
Yes
Revenue Sharing:
No
SIC Code:
6211
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$200,000.00
$0.00
$1,600,000.00
$1,800,000.00
Exemptions
$0.00
$1,600,000.00
$1,600,000.00
Real Property Tax Incentives
Percentage
100
%
Term
15
years
Personal Property
M & E
F & F
Inventory
Total
Investments
$250,000.00
$50,000.00
$0.00
$300,000.00
Employment
Job and Payroll Commitments
Number
Payroll
Retained
8
$200,000.00
Fulltime Permanent
20
$500,000.00
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:
9
Cumulative Taxes
Jobs Created:
1
Real Property Taxes Paid:
$81,443.00
Jobs Retained:
8
Real Property Taxes Forgone:
$81,443.00
Total FTE in Ohio:
Personal Property Taxes Paid:
$0.00
New Payroll:
$31,492.17
Personal Prop. Taxes Forgone:
$0.00
Project Investment
Real Property:
$2,600,000.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
3/20/2018
Previous Year Taxes
TIRC Recommendation:
TERMINATE
Real Property Taxes Paid:
$8,341.14
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$8,341.24
Personal Property Taxes Paid:
$2,480.00
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
$0.00
Local Corp Income Taxes Paid:
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