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Tax Incentives
Aurora School of Music
Agreement #
15-100
CRA #
133-03086-02
Agreement Information
Community:
AURORA
ODOD Status:
Active
County:
Portage
Agrmt Date:
1/23/2015
Local School District:
Aurora City SD
Amend. Date:
Expiration Date:
12/31/2032
School Comp Agreement:
No
Revenue Sharing:
No
SIC Code:
3299
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$1,300,000.00
Exemptions
$1,300,000.00
Real Property Tax Incentives
Percentage
75
%
Term
15
years
Personal Property
M & E
F & F
Inventory
Total
Investments
Employment
Job and Payroll Commitments
Number
Payroll
Retained
Fulltime Permanent
16
$330,000.00
Fulltime Temporary
Parttime Permanent
Parttime Temporary
Job Creation Period:
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
4
Cumulative Taxes
Jobs Created:
2
Real Property Taxes Paid:
$15,937.10
Jobs Retained:
3
Real Property Taxes Forgone:
$12,520.72
Total FTE in Ohio:
Personal Property Taxes Paid:
$0.00
New Payroll:
$40,000.00
Personal Prop. Taxes Forgone:
Project Investment
Real Property:
$1,700,000.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
3/19/2018
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$8,410.28
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$4,468.88
Personal Property Taxes Paid:
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:
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