Indian Point Road TIF District
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: 01/01/2010 to 12/31/2010  
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: 11/08/2007  
Ordinance Number: N/A  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: 62  
State Senate District: 29  
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: 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: $420.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $2,615,893.00 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): $3,630,124.00 $0.00
Site Development (grading, dirt moving, etc): $1,367,124.00 $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: $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): 23  
Current Anticipated Estimate (# of Year to Retirement): 19  
     
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: 23
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 23