|
Westlake
business receiving tax abatement
|
|
|
a)
Property owner / business
b) Pledged investment in real property receiving abatement*
c) Percentage abated
d) Term
* Actual
amount abated may be larger or smaller depending upon valuation
by county auditor.
|
|
|
Bay
Real Estate Holdings (Bay Corporation)
$1.74 million
50 percent
12 years |
| |
Sweet
Pea Properties (formerly Controlco)
$960,000
50 percent
10 years |
| |
HCMH
Partners / XIM
$1.45 million
75 percent for five years, 50 percent for seven years |
| |
Hyland
Software (2001 renovation)
$3.2 million
75 percent
10 years |
| |
Hyland
Software (2004 new construction)
$6.25 million
100 percent
10 years |
| |
Industrial
Electric Wire & Cable
$2.13 million
50 percent (reduced from 75 percent)
15 years |
| |
Columbia
Detroit Properties / LaCentre LLC
$12.4 million
70 percent
10 years |
| |
Q-Panel
Lab Products / High Oak Ltd.
$2.7 million
100 percent for 10 years, 75 percent for 5 years |
| |
Premcar
/ Struers Inc.
$1.02 million
75 percent
12 years |
| |
Viking
Sewing Machines / VWS Inc
$5 million (real propserty)
50 percent on real property for 15 years
$9.8 million (personal property)
50 percent on personal property for 10 years |
| |
Source:
City of Westlake, Department of Economic Development |
