Hillsboro Hills Redevelopment Plan and Project
Section 1 Description of the Plan and Project  
Name of City and/or County: Hillsboro  
Name of Plan or Project: Hillsboro Hills Redevelopment Plan and Project  
Report Period: 10/01/2015 to 09/01/2016  
Name of the person who prepared this annual report: Gery Marmaduke  
Contact Information:    
City or County Contact Agency: City of Hillsboro  
Phone: 636-797-3334  
Private Sector Developer: A Highway 21 LLC  
Person: Gary J. Grewe  
Phone: 314-962-6300  
Original Date Plan/Project Approved: 08/01/2010  
Ordinance Number: 24-2010  
Most Recent Plan Amendment:  
Ordinance Number:  
State House District: 118  
State Senate District: 022  
School District Hillsboro R3  
Location:    
Approximately 50 acres generally located at the northwest quadrant of the intersection of Highways A and 21 bounded on the east by Jefferson College Drive and on the southeast and south by Hillsboro-House Springs Road.  
Description of Plan/Project:    
The redevelopment plan contemplates a mixed-use commercial center with a blend of retail, office and professional service style tenants. In order to accommodate the proposed uses, environmental, street, water, sewer and other infrastructure improvements are required.  
Plan/Project Status: Starting-Up
Area Type: Blight  
How was the "but-for" determination made?:    
Project required significant public infrastructure investment to remedy existing inadequate conditions. Contact Gary Grewe  
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: 100 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: $0.00 Amount on Hand: $0.00
    (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: $0.00
   
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: $0.00 $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: $19,282,364.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $675,000.00  
Other: $42,636.00  
Total Anticipated TIF Reimbursable Project Costs $20,000,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $56,500,000.00  
TIF FINANCING METHOD: General Obligation Bonds  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 23  
Current Anticipated Estimate (# of Year to Retirement): 0  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $15,900.00  
Assessed valuation added to the redevelopment project: $0.00  
Anticipated Assessed Value at Time of District Termination: $10,292,499.00  
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: $5,773,767.00  
Total Annual PILOTs Anticipated at Time of District Termination: $14,397,449.00  
Percentage of EATs Captured: 50%  
Total Years Anticipated to Capture EATs: 23
Percentage of PILOTs Captured: 100%  
Total Years Anticipated to Capture PILOTs: 23