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Section 1: Description of the Plan and Project

Name of City and/or County:

West Plains

Name of Plan or Project:

S. U.S. Hwy 160 Corridor/Porter Wagoner Bl. R.P.

Report Period:

4/1/2013 to 3/1/2014

Name of the Person Who Prepared this Annual Report:

Allen Brinkman

Contact Information:

City or County Contact Agency:

City of West Plains

Phone:

417-256-7176

Private Sector Developer:

Kevin Guffey-West Plains Prop,Games People Play-Al

Person:

Kevin Guffey,Alan Ramseur,Guy Ramseur, Jerry Hall,

Phone:

573-859-6998

Original Date Plan/Project Approved:

10/1/2005

Ordinance Number:

3937

Most Recent Plan Amendment:

05/01/2009

Ordinance Number:

4113

State House District:

154 formerly 151

State Senate District:

School District:

R-7, R-11

Location:

The major portion is south and east of US Hwy 63 Bypass and South of K Hwy. There is a very small parcel on the north side of US Hwy 63 Bypass in the Monk Street area

Description of Plan/Project:

1 RPA 1, Proj 1, WP Properties Strip mall, 2 stand alone restaurants, stand alone auto parts retailer, outer road to connect business area to K Hwy and 63 Bypass2 RPA 1, Proj 2-Games People Play strip mall, remove rock3 RPA 1, Proj 5-Guffey/Hall major box store or other retail4 RPA 2, Proj 1&2-Ramseur Prop mixed use residential and retail development with commercial front K Hwy5 Phase II & III-outer road connecting K to US 63 Bypa

Plan/Project Status:

Fully-Operational

Area Type:

Blight, Economic Development

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

Project had unusual/extraordinary costs that made the project financially unfeasible in the market place. Project required significant public infrastructure investment to remedy existing inadequate conditions. Project required significant public infrastructure investment to construct adequate capacity to support the project.

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:

Actual To Date:

110

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:

$1,161,769.75

Amount on Hand:
(As of Report Date)

$1,161,769.75

Economic Activity Taxes (EATs):

Total Received since inception:

$367,999.43

Amount on Hand:
(As of Report Date)

$0.00

Total Revenue on hand in the Special Allocation Fund as of Report Date:

$1,161,769.75

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$1,507,963.85

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$20,680.83

$2,432.74

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:

$12,775,000.00

Property Acquisition and Relocation Costs:

$711,000.00

Project Implementation Costs:

$499,000.00

Other:

$300,000.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$14,285,000.00

ANTICIPATED TOTAL PROJECT COSTS:

$61,838,000.00

TIF FINANCING METHOD:

Pay-as-you-go

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:

$617,710.00

Assessed Valuation Added to the Redevelopment Project:

$3,194,970.00

Anticipated Assessed Value at Time of District Termination:

$21,316,725.00

Total Amount of Base Year EATs:

$38,591.00

Total Amount of Base Year PILOTs:

$52,939.00

Total Annual EATs Anticipated at Time of District Termination:

$777,334.00

Total Annual PILOTs Anticipated at Time of District Termination:

$0.00

Percentage of EATs Captured:

50%

Total Years Anticipated to Capture EATs:

Percentage of PILOTs Captured:

50%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

S. U.S. Hwy 160 Corridor/Porter Wagoner Bl. R.P.

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues