Name of City and/or County:
Maryville
Name of Plan or Project:
LMP Steel and Wire Expansion TIF
Report Period:
2011-10-01 00:00:00 to 2012-09-30 00:00:00
Name of the Person Who Prepared this Annual Report:
Denise Town
City or County Contact Agency:
Denise Town, Finance Director
Private Sector Developer:
Nucor-LMP (Formerly LMP Steel & Wire Co.)
Original Date Plan/Project Approved:
2004-04-14 00:00:00
Most Recent Plan Amendment:
12/14/2009
School District:
Maryville R-2 School District
22ac located 1/4 mile east of Hwy 71 and immediately south of Hwy 136 in Maryville.
Description of Plan/Project:
Expansion of the existing LMP Wire & Steel manufacturing company facility by approximately 40,000sf due to the company's acquisition of Excel Grinding Company of Hammond, IN.
Plan/Project Status:
Not specified in report
Area Type:
Not specified in report
How was the "but-for" Determination Made?:
Number of Relocated Residences During This Report Period:
0
Number of Relocated Businesses During This Report Period:
0
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:
0
Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:
Estimate of Retained Jobs:
0
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$143,678.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
Total Revenue on hand in the Special Allocation Fund as of Report Date:
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:
Total Since Inception:
Report Period Only:
Public Infrastructure (streets, utilities, etc):
Site Development (grading, dirt moving, etc):
Rehab of Existing Buildings:
Acquisition of Land or Buildings:
AMOUNT PAID ON DEBT SERVICES:
Payments of principal and interest on outstanding bonded debt:
This Reporting Period:
$0.00
Reimbursement of developer for eligible cost:
Since Inception:
$129,310.00
This Reporting Period:
$18,883.00
Reimbursement to city/county (or other public entity) for eligible costs:
Since Inception:
$14,368.00
This Reporting Period:
$2,098.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$196,348.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$471,348.00
ANTICIPATED TOTAL PROJECT COSTS:
$1,666,348.00
TIF FINANCING METHOD:
Not specified in report
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
9
Current Anticipated Estimate (# of Year to Retirement):
9
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$2,210.00
Assessed Valuation Added to the Redevelopment Project:
$324,460.00
Anticipated Assessed Value at Time of District Termination:
$326,670.00
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
$222.00
Total Annual EATs Anticipated at Time of District Termination:
$0.00
Total Annual PILOTs Anticipated at Time of District Termination:
$20,765.00
Percentage of EATs Captured:
0%
Total Years Anticipated to Capture EATs:
0
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
9
