Lamar TIF Redevelopment Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Lamar  
Name of Plan or Project: Lamar TIF Redevelopment Plan  
Report Period: 04/25/2009 to 04/25/2010  
Name of the person who prepared this annual report: Traci Cox  
Contact Information:    
City or County Contact Agency: Lynn B. Calton, City Administrator  
Phone: 417-682-5554  
Private Sector Developer: 1900 Gulf Street Partners, LLC  
Person: Ralph L. Ross  
Phone: 214-691-8800  
Original Date Plan/Project Approved: 11/07/2007  
Ordinance Number: 1692  
Most Recent Plan Amendment: 11/16/2009  
Ordinance Number: 1726  
State House District: 126  
State Senate District: 28  
School District Lamar R-1 Schools  
Location:    
A 114-acre parcel including the O'Sullivan facilities located at Gulf Street and the intersection of the Missouri & Northern and BNSF rights-of-way at the southern city limit in Lamar.  
Description of Plan/Project:    
Renovation and construction of approximately 2,368,000sf industrial space, remediating blighting conditions within the Project Area.  
Plan/Project Status: Inactive
Area Type: Blight  
How was the "but-for" determination made?:    
Unusual and extraordinary costs made the project financially unfeasible in the market.  
Number of Relocated Residences During This Report Period: 0    
Number of Relocation Businessess During This Report Period: 0    
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period: 0    
Identify any business that have relocation to the Redevelopment Area during this report period:    
- None -
Estimate of New Jobs: 0 Actual To Date: 0
Estimate of Retained Jobs: 0 Actual To Date: 0
     
Section 2 Tax Increment Financing Revenues    
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:    
Payments in Lieu of Taxes (PILOTs):    
Total Received since inception: $0.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $0.00 Amount on Hand: $0.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $0.00
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $0.00 $0.00
Site Development (grading, dirt moving, etc): $0.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $0.00 $0.00
AMOUNT PAID ON DEBT SERVICES:    
Payments of principal and interest on outstanding bonded debt:    
Since Inception: $0.00 This Reporting Period: $0.00
Reimbursement of developer for eligible cost:    
Since Inception: $1,625,000.00 This Reporting Period: $1,625,000.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $0.00 This Reporting Period: $0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $0.00  
Property Acquisition and Relocation Costs: $5,000,000.00  
Project Implementation Costs: $66,088,953.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $71,088,953.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $71,088,953.00  
TIF FINANCING METHOD: TIF Bond  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 21  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $1,600,000.00  
Assessed valuation added to the redevelopment project: $0.00  
Anticipated Assessed Value at Time of District Termination: $10,310,672.00  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $0.00  
Total Annual EATs Anticipated at Time of District Termination: $0.00  
Total Annual PILOTs Anticipated at Time of District Termination: $420,281.00  
Percentage of EATs Captured: 0%  
Total Years Anticipated to Capture EATs: 0
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 21