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Tax Incentives
COLUMBUS SOUTHERN POWER & AMERICAN ELECTRIC POWER
Agreement #
06-001
CRA #
049-02915-02
Agreement Information
Community:
NEW ALBANY
ODOD Status:
Active
County:
LICKING
Agrmt Date:
9/5/2006
Local School District:
LICKING HEIGHTS LOCAL SCHOOL DISTRICT
Amend. Date:
Expiration Date:
12/31/2025
School Comp Agreement:
No
Revenue Sharing:
No
SIC Code:
221100
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$2,692,693.00
$0.00
$25,921,734.00
$28,614,427.00
Exemptions
$0.00
$25,921,734.00
$25,921,734.00
Real Property Tax Incentives
Percentage
75
%
Term
15
years
Personal Property
M & E
F & F
Inventory
Total
Investments
$12,300,911.00
$1,223,073.00
$0.00
$13,523,984.00
Employment
Job and Payroll Commitments
Number
Payroll
Retained
110
$8,800,000.00
Fulltime Permanent
0
$0.00
Fulltime Temporary
0
$0.00
Parttime Permanent
0
$0.00
Parttime Temporary
0
$0.00
Job Creation Period:
15
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
154
Cumulative Taxes
Jobs Created:
44
Real Property Taxes Paid:
$1,721,852.00
Jobs Retained:
110
Real Property Taxes Forgone:
$2,262,595.00
Total FTE in Ohio:
Personal Property Taxes Paid:
$440,223.00
New Payroll:
$5,104,000.00
Personal Prop. Taxes Forgone:
$0.00
Project Investment
Real Property:
$44,735,771.00
Other Tax Incentives:
$0.00
Personal Property:
$6,219,597.00
TIRC Date:
8/29/2017
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$170,024.00
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$344,955.00
Personal Property Taxes Paid:
$0.00
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
$0.00
Local Corp Income Taxes Paid:
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