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Section 1: Description of the Plan and Project

Name of City and/or County:

St. Louis

Name of Plan or Project:

1001 Locust (352-108)

Report Period:

7/1/2012 0:00 to 6/30/2013 0:00

Name of the Person Who Prepared this Annual Report:

Dale E. Ruthsatz/Lisa Harmon

Contact Information:

City or County Contact Agency:

St. Louis Development Corporation

Phone:

314-657-3732

Private Sector Developer:

Kinloch LLC

Person:

Craig Heller

Phone:

314-241-6702

Original Date Plan/Project Approved:

7/28/2008 0:00

Ordinance Number:

68083

Most Recent Plan Amendment:

Ordinance Number:

State House District:

State Senate District:

School District:

St.Louis

Location:

The project location is 1001 Locust St., which was previously known as the "Farm and Home Building."

Description of Plan/Project:

The project consists of the rehabilitation of a six-story building with approximately 8,800 s/f of retail space and 45,000 s/f of office space.

Plan/Project Status:

Fully-Operational

Area Type:

Blight

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

Project had unusual/extraordinary costs that made the project financial unfeasible in the market place.

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:

200

Actual To Date:

150

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:

$117,293.00

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$84,483.00

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):

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$2,112,500.00

$0.00

AMOUNT PAID ON DEBT SERVICES:

Payments of principal and interest on outstanding bonded debt:

Since Inception:

$172,004.00

This Reporting Period:

$109,504.00

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:

$8,200.00

This Reporting Period:

$8,200.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$0.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$1,950,000.00

ANTICIPATED TOTAL PROJECT COSTS:

$10,218,750.00

TIF FINANCING METHOD:

TIF Notes

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:

$466,400.00

Assessed Valuation Added to the Redevelopment Project:

$1,045,300.00

Anticipated Assessed Value at Time of District Termination:

$2,540,017.00

Total Amount of Base Year EATs:

$6,208.00

Total Amount of Base Year PILOTs:

$30,106.00

Total Annual EATs Anticipated at Time of District Termination:

$392,937.00

Total Annual PILOTs Anticipated at Time of District Termination:

$133,850.00

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

1001 Locust (352-108)

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues