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Section 1: Description of the Plan and Project

Name of City and/or County:

Kirksville

Name of Plan or Project:

Kirksville Downtown Improvement TIF Plan

Report Period:

1/1/2014 to 12/1/2014

Name of the Person Who Prepared this Annual Report:

Lindsay Leckbee

Contact Information:

City or County Contact Agency:

City of Kirksville

Phone:

660-627-1224

Private Sector Developer:

Person:

Phone:

Original Date Plan/Project Approved:

12/1/1999

Ordinance Number:

11429

Most Recent Plan Amendment:

11/01/2000

Ordinance Number:

11475

State House District:

State Senate District:

School District:

Kirksville R-III

Location:

Location in the Central Business District. It is described as follows Illinois St. on the North from Marion to the alley East of Franklin Buchanan to First St.First St. To Washington Washington to Missouri St. Extended Missouri St. to City Limits City Limits to Normal Normal to Truman Campus Franklin to Pierce Pierce to Marion Marion to Illinois.

Description of Plan/Project:

Plan is intended to fund the implementation of the Kv Downtown Development Plan. Under this plan the area will be developed as one mixed-use development project. Project includes construction of new business buildings remodeling of existing buildings facade improvements renovation of streets, sidewalks & other public areas. Downtown infrastructure will be improved. Downtown infrastructure will be improved.

Plan/Project Status:

Fully-Operational

Area Type:

Blight

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:

Name	Address	Phone Number	Rel. from What City/County
African Food Business	212 N. Franklin	217-331-8948	NEW
China Palace	124 N. Franklin	917-376-8881	NEW OWNERSHIP
Five Lions Enterprises, LLC DBA 7th Heaven Discount Store	202 E. Illinois	816-222-4260	NEW
Helping Hands Mission	111 E. Harrison	660-627-2057	NEW
Kirksville Vehicle Corp.	106 W. Harrison #3	660-851-4575	NEW
Laberis Enterprises, LLC dba The Greek Corner Gyros	301 S. Franklin	660-665-0300	NEW OWNERSHIP
Manhattan Events, LLC	108 S. Elson	660-342-3585	NEW
Maxwell's	215 W. Washington	660-342-2889	NEW
Melody's School of Dance & Tumbling	111 S. Franklin	660-665-6843	NEW
Rejuvenate Massage Therapy & Spa	312 W. Washington	660-342-3031	Address Change
Scrappers Den LLC	106 E. Illinois	660-626-6363	NEW
Sean E. Tatham DBA The Djinn	103 W. Washington	573-286-8202	NEW
Sprocket Technologies, LLC	304 S. Franklin, Suite 400	660-665-6880	NEW
Sweet Expressions Coffee House	107 W. Washington	660-665-0011	NEW
The Boar's Head	106 S. Elson	660-349-0457	NEW
Those Guys Smokin Grill	116 S. Franklin	660-341-4354	NEW
To Die For	106 & 104 E. Washington	319-432-9438	NEW
Tots 2 Teens dba Tots 2 Teens 2	119 W. Washington	660-216-7263	NEW OWNERSHIP

Estimate of New Jobs:

Actual To Date:

Estimate of Retained Jobs:

100

Actual To Date:

100

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:

$2,437,143.00

Amount on Hand:
(As of Report Date)

$386,319.00

Economic Activity Taxes (EATs):

Total Received since inception:

$1,166,522.00

Amount on Hand:
(As of Report Date)

$0.00

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

$386,319.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$3,078,196.00

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$3,918.00

$0.00

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:

$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:

$0.00

ANTICIPATED TOTAL PROJECT COSTS:

$15,052,479.00

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:

$6,950,220.00

Assessed Valuation Added to the Redevelopment Project:

$4,473,860.00

Anticipated Assessed Value at Time of District Termination:

$18,640,660.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$0.00

Total Annual EATs Anticipated at Time of District Termination:

$2,321,045.00

Total Annual PILOTs Anticipated at Time of District Termination:

$19,765,061.00

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

Kirksville Downtown Improvement TIF Plan

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues