Business  |  Tax Incentives


COCONIS FURNITURE
Agreement #244-04-01
Zone 244

Agreement Information
Community: SOUTH ZANESVILLE      ODOD Status: Active
County: MUSKINGUM      Agrmt Date: 4/12/2004
Local School District:      Amend. Date:
Nature of Business: RETAIL FURNITURE WAREHOUSE      Expiration Date: 12/31/2014
School Comp Agreement: Yes      Revenue Sharing: No
Estimated Annual School Compensation 7400.0000 SIC Code: 44210

Real Property
Acquisition Improvements New Construction Total
Investments $350,000.00 $1,250,000.00 $0.00 $1,600,000.00
Exemptions $1,250,000.00 $0.00 $1,250,000.00
 

Personal Property
M & E F & F Inventory Total
Investments $403,323.00 $48,287.00 $500,000.00 $951,610.00
Exemptions $403,323.00 $48,287.00 $500,000.00 $451,610.00
 

Incentives
Variable Rate Rate Term
Real No $100.00% 10 yrs
Personal No $100.00% 10 yrs
 

Relocations
From Out of State: No State: Jobs: 0
In State: No Community: Village Jobs: 0
Waiver Issued by ODOD: None
 

Employment
Existing Employment Job and Payroll Commitments
Employment at site: 52      Number Payroll
Employment in Ohio: 52      Retained 52 $120,000.00
     Fulltime Permanent 4 $80.00
     Fulltime Temporary
     Parttime Permanent
Parttime Temporary
Job Creation Period: 24 months
 

Performance/Compliance
 
Agreement Status is: Active
Total full time equivalents at Site: 29      Cumulative Taxes
Jobs Created: 9 Real Property Taxes Paid: $108,914.72
Jobs Retained: 52 Real Property Taxes Forgone: $28,275.45
Total FTE in Ohio: $83.00 Personal Property Taxes Paid: $0.00
New Payroll: $222,465.64 Personal Prop. Taxes Forgone: $0.00
Project Investment Local Corp Income Taxes Paid: $0.00
Real Property: $1,600,000.00 Other Tax Incentives: $0.00
Personal Property: $587,815.00 TIRC Date: 3/22/2016
Previous Year Taxes TIRC Recommendation: CONTINUE
Real Property Taxes Paid: $31,182.60 Local Gov't. Action/Status: CONTINUE
Real Property Taxes Forgone: $7,410.66
Personal Property Taxes Paid: $0.00 Annual Report Year: 2015
Personal Prop. Taxes Forgone: $0.00
Local Corp Income Taxes Paid: $0.00

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