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Tax Incentives
VALAM HOSPITALITY
Agreement #
08-001
CRA #
161-79562-02
Agreement Information
Community:
VAN WERT
ODOD Status:
Active
County:
VAN WERT
Agrmt Date:
8/15/2008
Local School District:
VAN WERT CITY SD
Amend. Date:
Expiration Date:
12/31/2018
School Comp Agreement:
No
Revenue Sharing:
No
SIC Code:
Real Property
Acquisition
Improvements
New Construction
Total
Investments
$0.00
$0.00
$3,000,000.00
$3,000,000.00
Exemptions
$0.00
$3,000,000.00
$3,000,000.00
Real Property Tax Incentives
Percentage
90
%
Term
9
years
Personal Property
M & E
F & F
Inventory
Total
Investments
$0.00
$0.00
$0.00
$0.00
Employment
Job and Payroll Commitments
Number
Payroll
Retained
7
Fulltime Permanent
9
$250,000.00
Fulltime Temporary
0
$0.00
Parttime Permanent
0
$0.00
Parttime Temporary
0
$0.00
Job Creation Period:
24
months
Performance/Compliance
Agreement Status is:
Active
Total full time equivalents at Site:
20
Cumulative Taxes
Jobs Created:
14
Real Property Taxes Paid:
$62,982.00
Jobs Retained:
6
Real Property Taxes Forgone:
$391,202.00
Total FTE in Ohio:
Personal Property Taxes Paid:
$0.00
New Payroll:
$466,306.00
Personal Prop. Taxes Forgone:
Project Investment
Real Property:
$3,000,000.00
Other Tax Incentives:
$0.00
Personal Property:
$0.00
TIRC Date:
11/20/2017
Previous Year Taxes
TIRC Recommendation:
CONTINUE
Real Property Taxes Paid:
$9,030.00
Local Gov't. Action/Status:
CONTINUE
Real Property Taxes Forgone:
$55,886.00
Personal Property Taxes Paid:
Annual Report Year:
2017
Personal Prop. Taxes Forgone:
Local Corp Income Taxes Paid:
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