Name of City and/or County:
St. Louis
Name of Plan or Project:
100 N. Euclid (352-136)
Report Period:
7/1/2014 to 6/1/2015
Name of the Person Who Prepared this Annual Report:
Dale E. Ruthsatz Lisa Harmon
City or County Contact Agency:
SLDC
Private Sector Developer:
City Walk in Euclid, L.L.C.
Original Date Plan/Project Approved:
7/1/2013
Most Recent Plan Amendment:
School District:
City of St. Louis
On Euclid Ave. between Lindell and Forest Park Blvd.
Description of Plan/Project:
Construct new mixed-use 7 story structure with 177 market rate apartments, 438 space parking garage and 38,430 sq. ft. 1st floor retail on 1.65 acre site.
Plan/Project Status:
Under Construction
How was the "but-for" Determination Made?:
Project had unusual/extraordinary costs that made the project financially unfeasible in the market place.
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 New Jobs:
158
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:
$0.00
Amount on Hand:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$531.00
Amount on Hand:
$531.00
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:
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
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:
$10,000,000.00
ANTICIPATED TOTAL PROJECT COSTS:
$70,645,787.00
TIF FINANCING METHOD:
General Obligation Bonds
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
20
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$572,400.00
Assessed Valuation Added to the Redevelopment Project:
$0.00
Anticipated Assessed Value at Time of District Termination:
$8,855,950.00
Total Amount of Base Year EATs:
$0.00
Total Amount of Base Year PILOTs:
$21,385.00
Total Annual EATs Anticipated at Time of District Termination:
$425,165.00
Total Annual PILOTs Anticipated at Time of District Termination:
$848,231.00
Percentage of EATs Captured:
50%
Total Years Anticipated to Capture EATs:
23
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
23
