1st Amended & Restated Appleton City Downtown TIF
Section 1 Description of the Plan and Project  
Name of City and/or County: Appleton City  
Name of Plan or Project: 1st Amended & Restated Appleton City Downtown TIF  
Report Period: 10/01/2010 to 09/30/2011  
Name of the person who prepared this annual report: Judy Wood  
Contact Information:    
City or County Contact Agency: Judy Wood, City Clerk  
Phone: 660-476-2631  
Private Sector Developer: Food Fair of Appleton City  
Person: William Wetter  
Phone: 660-476-2131  
Original Date Plan/Project Approved: 12/01/2003  
Ordinance Number: 03-03  
Most Recent Plan Amendment: 4/4/2007  
Ordinance Number: 07-02  
State House District: 119  
State Senate District: 28  
School District Appleton City R-2 School District  
Location:    
Approximately 17 square blocks within the downtown area of Appleton City.  
Description of Plan/Project:    
Demolition of existing vacant buildings and new construction of retail spaces, rehabilitation of an existing full service grocery store, relocation of certain utilities and improvements to infrastructure.  
Plan/Project Status: Fully operational
Area Type: Blight  
How was the "but-for" determination made?:    
Unusual and extraordinary costs made the project financially unfeasible in the market, required significant public infrstructure investment to remedy existing inadequate conditions and required parcel ass'y and/or relo costs.  
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: 10 Actual To Date: 6
Estimate of Retained Jobs: 20 Actual To Date: 29
     
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: $96,967.34 Amount on Hand: $8,009.80
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $86,507.71 Amount on Hand: $4,009.22
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $12,019.02
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $16,588.17 $16,588.17
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: $225,812.50 $992.50
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: $366,186.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $366,186.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $1,233,826.00  
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: $814,200.00  
Assessed valuation added to the redevelopment project: $345,700.00  
Anticipated Assessed Value at Time of District Termination: $1,075,452.00  
Total Amount of Base Year EATs: $159,102.00  
Total Amount of Base Year PILOTs: $52,054.00  
Total Annual EATs Anticipated at Time of District Termination: $240,351.00  
Total Annual PILOTs Anticipated at Time of District Termination: $668,757.00  
Percentage of EATs Captured: 50%  
Total Years Anticipated to Capture EATs: 23
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 23