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Section 1: Description of the Plan and Project

Name of City and/or County:

Joplin

Name of Plan or Project:

1717 Market Place TIF Plan

Report Period:

11/1/2008 to 10/31/2009

Name of the Person Who Prepared this Annual Report:

Leslie Jones

Contact Information:

City or County Contact Agency:

Leslie Jones, Finance Director

Phone:

417-624-0820

Private Sector Developer:

R.T. Gregg, J.S. Achaefer & M. Mellinger

Person:

Phone:

417-725-3009

Original Date Plan/Project Approved:

1/10/2005

Ordinance Number:

2005-006

Most Recent Plan Amendment:

Ordinance Number:

State House District:

128

State Senate District:

School District:

Joplin R-8 School District

Location:

38.80 acres bound by MO-71 Hwy on the west, East 15th Street on the north, Rex Crossing Road on the east and East 20th Street on the south in Joplin.

Description of Plan/Project:

Redevelopment of the site from vacant and deteriorating properties into new individual commercial developments.

Plan/Project Status:

Fully operational

Area Type:

Blight

How was the "but-for" Determination Made?:

The project required significant public infrastructure investment to remedy existing inadequate conditions.

Number of Relocated Residences During This Report Period:

Number of Relocated Businesses During This Report Period:

Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:

Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:

Name	Address	Phone Number	New or Relocated?
National Entertainment Network	1501 S. Rangeline Road	(303) 664-4447	New
Picture Me Portrait Studio	1501 S. Rangeline Road	(314) 231-1575	New
Quick Tags	1501 S. Rangeline Road	(800) 800-4900	New
Red Box Automated Retail, LLC	1501 S. Rangeline Road	(630) 756-8000	New
Smart Style	1501 S. Rangeline Road	(888) 888-7778	New
Subway Restaurant	1501 S. Rangeline Road	(417) 781-7733	New

Estimate of New Jobs:

397

Actual To Date:

157

Estimate of Retained Jobs:

200

Actual To Date:

200

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:

$90,546.82

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$1,717,275.47

Amount on Hand:
(As of Report Date)

$0.00

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):

$256,714.00

$0.00

Site Development (grading, dirt moving, etc):

$696,122.00

$0.00

Rehab of Existing Buildings:

$6,242,794.00

$0.00

Acquisition of Land or Buildings:

$528,332.00

$0.00

Other:

$2,460,886.00

$559,927.00

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:

$0.00

This Reporting Period:

$0.00

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:

$5,623,651.00

Property Acquisition and Relocation Costs:

$1,131,786.00

Project Implementation Costs:

$1,792,429.00

Other:

$3,127,805.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$11,675,671.00

ANTICIPATED TOTAL PROJECT COSTS:

$51,365,165.00

TIF FINANCING METHOD:

Pay-as-you-go

MATURITY OF TIF OBLIGATIONS:

Original Estimate (# of Years to Retirement):

Current Anticipated Estimate (# of Year to Retirement):

ESTIMATED INCREASE IN TAX GENERATION:

Original Assessed Value of the Redevelopment Project:

$946,250.00

Assessed Valuation Added to the Redevelopment Project:

$1,089,090.00

Anticipated Assessed Value at Time of District Termination:

$16,113,245.00

Total Amount of Base Year EATs:

$2,553,012.00

Total Amount of Base Year PILOTs:

$49,154.00

Total Annual EATs Anticipated at Time of District Termination:

$973,585.00

Total Annual PILOTs Anticipated at Time of District Termination:

$229,775.00

Percentage of EATs Captured:

50%

Total Years Anticipated to Capture EATs:

Percentage of PILOTs Captured:

100%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

1717 Market Place TIF Plan

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues