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Tax Incentives
SHEL & ADEL PROPERTIES, LTD.
Agreement #
05-001
CRA #
133-03086-02
Agreement Information
Community:
AURORA
ODOD Status:
Active
County:
PORTAGE
Agrmt Date:
5/6/2005
Local School District:
AURORA CITY SCHOOL DISTRICT
Amend. Date:
Expiration Date:
12/31/2021
School Comp Agreement:
No
Revenue Sharing:
No
SIC Code:
531110
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$145,000.00
$425,000.00
$570,000.00
Exemptions
$145,000.00
$425,000.00
$570,000.00
Real Property Tax Incentives
Percentage
50
%
Term
15
years
Personal Property
M & E
F & F
Inventory
Total
Investments
Employment
Job and Payroll Commitments
Number
Payroll
Retained
Fulltime Permanent
3
$45,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period:
36
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
4
Cumulative Taxes
Jobs Created:
4
Real Property Taxes Paid:
$139,860.48
Jobs Retained:
0
Real Property Taxes Forgone:
$80,145.56
Total FTE in Ohio:
Personal Property Taxes Paid:
$0.00
New Payroll:
$60,000.00
Personal Prop. Taxes Forgone:
$0.00
Project Investment
Real Property:
$570,000.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
3/19/2018
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$25,926.54
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$8,996.12
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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