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Section 1: Description of the Plan and Project

Name of City and/or County:

Stone County

Name of Plan or Project:

Indian Point Road TIF District

Report Period:

Jan 1 2010 12:00AM to Dec 31 2010 12:00AM

Name of the Person Who Prepared this Annual Report:

Stone County Commission

Contact Information:

City or County Contact Agency:

William McCullah, County Counselor

Phone:

417-357-8141

Private Sector Developer:

Herschend Family Entertainment Corporation

Person:

Sarah J. Davis, Husch Blackwell

Phone:

314-480-1736

Original Date Plan/Project Approved:

Nov 8 2007 12:00AM

Ordinance Number:

N/A

Most Recent Plan Amendment:

Ordinance Number:

State House District:

State Senate District:

School District:

Reeds Springs R-4 School District

Location:

Along and including Indian Point Road south of MO-76 Hwy for a distance of 0.85 miles in Stone County.

Description of Plan/Project:

Streetscape improvements and lighting, transportation infrastructure development and improvements and improvements to the roadway.

Plan/Project Status:

Fully operational

Area Type:

Economic Development

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

The project required significant public infrastructure investment to construct adequate capacity to support development.

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:

- None -

Estimate of New Jobs:

Actual To Date:

Estimate of Retained Jobs:

Actual To Date:

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:

$420.00

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$2,615,893.00

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):

$3,630,124.00

$0.00

Site Development (grading, dirt moving, etc):

$1,367,124.00

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$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:

$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:

$4,997,769.49

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$4,997,769.49

ANTICIPATED TOTAL PROJECT COSTS:

$4,997,769.49

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:

$2,738,830.00

Assessed Valuation Added to the Redevelopment Project:

$92,561.00

Anticipated Assessed Value at Time of District Termination:

$2,738,830.00

Total Amount of Base Year EATs:

$2,361,061.00

Total Amount of Base Year PILOTs:

$113,289.00

Total Annual EATs Anticipated at Time of District Termination:

$5,337,000.00

Total Annual PILOTs Anticipated at Time of District Termination:

$113,289.00

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

Indian Point Road TIF District

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues