Name of City and/or County:
Cameron
Name of Plan or Project:
Crossroads Development Plan TIF
Name of the Person Who Prepared this Annual Report:
Barbara J. O'Connor
City or County Contact Agency:
Barbara J. O'Connor, City Clerk
Private Sector Developer:
Various
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
292.83ac generally described in the report as Phases 1 & 2 (189.83ac); Earley Business Park (80ac) at I-35 & State Rt. BB; Crossroads Center (23ac) in Cameron
Description of Plan/Project:
Redevelopment and new construction of various retail, commercial and institutional enterprises with all necessary and pertinent public infrastructure necessary to promote development.
Plan/Project Status:
Not stated
Area Type:
Not specified in report
How was the "but-for" Determination Made?:
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:
Estimate of Retained Jobs:
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$575,594.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$2,454,444.00
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:
Since Inception:
$2,244,287.00
This Reporting Period:
$0.00
Reimbursement of developer for eligible cost:
Since Inception:
$455,000.00
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
Since Inception:
$94,287.00
This Reporting Period:
$0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$0.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$2,150,000.00
ANTICIPATED TOTAL PROJECT COSTS:
$2,150,000.00
TIF FINANCING METHOD:
TIF Bonds
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
5
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$9,850.00
Assessed Valuation Added to the Redevelopment Project:
$2,780,630.00
Anticipated Assessed Value at Time of District Termination:
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
Total Annual EATs Anticipated at Time of District Termination:
Total Annual PILOTs Anticipated at Time of District Termination:
Percentage of EATs Captured:
%
Total Years Anticipated to Capture EATs:
Percentage of PILOTs Captured:
0%
Total Years Anticipated to Capture PILOTs:
