Arnold Crossroads Redevelopment Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Arnold  
Name of Plan or Project: Arnold Crossroads Redevelopment Plan  
Report Period: 09/01/2014 to 08/01/2015  
Name of the person who prepared this annual report: Deborah Lewis  
Contact Information:    
City or County Contact Agency: City of Arnold, Missouri  
Phone: (636) 282-6666  
Private Sector Developer: Arnold Crossroads LLC  
Person: Larry W Jones  
Phone: (636) 458-0545  
Original Date Plan/Project Approved: 07/01/2005  
Ordinance Number: 14.370  
Most Recent Plan Amendment: 09/01/2009  
Ordinance Number: 14.369  
State House District: 101  
State Senate District: 22  
School District Fox C-6  
Location:    
An area consisting of forty-three 43 acres at the NE corner of Interstate 55 and Mo Hwy 141 bounded on the east by Jeffco Blvd Mo Hwy 61/67.  
Description of Plan/Project:    
Redevelop existing retail and commercial area which had suffered from long-term vacancies and an antiquated layout.  
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: 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:    
Name Address Phone Number New or Relocated? Rel. from What City/County
Deborah Fry Massage Therapist 141 Arnold Crossroads (636) 296-1218 New
Gordmans 235 Arnold Crossroads (636) 333-0870 n/a - expanding operations into city
none
One Main Financial 153 Arnold Crossroads (636) 282-0500 New
Travis Hoisington Massage Therapist 141 Arnold Crossroads (314) 917-3885 New
WingStop 3882 Hwy 141 (636) 287-9400 n/a - expanding operations into city
Estimate of New Jobs: 150 Actual To Date: 268
Estimate of Retained Jobs: 300 Actual To Date: 300
     
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: $934,636.97 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $1,842,423.00 Amount on Hand: $220,812.98
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $220,812.98
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $0.00 $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: $2,253,414.47 $713,102.20
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: $6,290,305.05 This Reporting Period: $0.00
Reimbursement to city/county (or other public entity) for eligible costs:    
Since Inception: $29,250.00 This Reporting Period: $0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:    
Public Infrasture and Site Development Costs: $9,600,000.00  
Property Acquisition and Relocation Costs: $8,200,000.00  
Project Implementation Costs: $700,000.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $18,500,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $51,000,000.00  
TIF FINANCING METHOD: Pay-as-you-go; General Obligation Bonds  
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: $4,248,800.00  
Assessed valuation added to the redevelopment project: $3,052,918.00  
Anticipated Assessed Value at Time of District Termination: $6,600,000.00  
Total Amount of Base Year EATs: $101,154.00  
Total Amount of Base Year PILOTs: $339,300.00  
Total Annual EATs Anticipated at Time of District Termination: $1,239,373.00  
Total Annual PILOTs Anticipated at Time of District Termination: $455,400.00  
Percentage of EATs Captured: 50%  
Total Years Anticipated to Capture EATs: 23
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 23