West Interstate Area Addition-South District
Section 1 Description of the Plan and Project  
Name of City and/or County: Bethany  
Name of Plan or Project: West Interstate Area Addition-South District  
Report Period: 10/01/2013 to 09/01/2014  
Name of the person who prepared this annual report: Becky Turley  
Contact Information:    
City or County Contact Agency: City of Bethany  
Phone: 660-425-8673  
Private Sector Developer: None  
Person:  
Phone:  
Original Date Plan/Project Approved: 11/01/1994  
Ordinance Number: 916  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: 3rd  
State Senate District: 12th  
School District South Harrison R-2  
Location:    
Approximately 160 acres lying in the east central area of Bethany, adjacent to I-35 & Hwy 136.  
Description of Plan/Project:    
Development of public infrastructure on the south side of US Hwy 136, west of I-35 which includes and is limited to streets, gas, water, sewer & electrical systems.  
Plan/Project Status: Under Construction
Area Type: Blight, Economic Development  
How was the "but-for" determination made?:    
Project required significant public infrastructure investment to construct adequate capacity to support the project.  
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: $1,412,483.14 Amount on Hand: $1,412,483.14
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $0.00 Amount on Hand: $0.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $1,412,483.14
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $207,324.52 $0.00
Site Development (grading, dirt moving, etc): $0.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $468.17 $65.50
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: $207,792.69 This Reporting Period: $0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $670,000.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $670,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $670,000.00  
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): 23  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $660,490.00  
Assessed valuation added to the redevelopment project: $2,362,600.00  
Anticipated Assessed Value at Time of District Termination: $0.00  
Total Amount of Base Year EATs: $0.00  
Total Amount of Base Year PILOTs: $6,021.22  
Total Annual EATs Anticipated at Time of District Termination: $0.00  
Total Annual PILOTs Anticipated at Time of District Termination: $0.00  
Percentage of EATs Captured: 0%  
Total Years Anticipated to Capture EATs: 0
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 23