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Section 1: Description of the Plan and Project

Name of City and/or County:

Bethany

Name of Plan or Project:

Northwest Interstate TIF Plan

Report Period:

10/1/2015 to 9/1/2016

Name of the Person Who Prepared this Annual Report:

Trayce Anderson

Contact Information:

City or County Contact Agency:

City of Bethany

Phone:

660.425.8673

Private Sector Developer:

None

Person:

Phone:

Original Date Plan/Project Approved:

12/1/2001

Ordinance Number:

1037

Most Recent Plan Amendment:

12/01/2002

Ordinance Number:

1050

State House District:

3rd

State Senate District:

12th

School District:

South Harrison R-2

Location:

Approximately 80 acres located west of I-35 from Hwy 69 spur and on either side of 39th Street and the 39th Street right-of-way.

Description of Plan/Project:

Construct public improvements in two phases street, water, sewer, electric & gas services.

Plan/Project Status:

Under Construction

Area Type:

Economic Development

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

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:

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:

$432,870.01

Amount on Hand:
(As of Report Date)

$103,314.00

Economic Activity Taxes (EATs):

Total Received since inception:

$223,523.78

Amount on Hand:
(As of Report Date)

$32,571.03

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

$135,885.03

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$323,710.22

$2,911.20

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$20,784.58

$258.25

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:

$81,333.49

This Reporting Period:

$59,136.76

Reimbursement to city/county (or other public entity) for eligible costs:

Since Inception:

$340,606.59

This Reporting Period:

$8,579.00

ANTICIPATED TIF REIMBURSEMENT COSTS:

Public Infrasture and Site Development Costs:

$614,465.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$136,000.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$750,465.00

ANTICIPATED TOTAL PROJECT COSTS:

$750,465.00

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:

$556,880.00

Assessed Valuation Added to the Redevelopment Project:

$785,890.00

Anticipated Assessed Value at Time of District Termination:

$1,116,288.00

Total Amount of Base Year EATs:

$10,665.00

Total Amount of Base Year PILOTs:

$33,292.00

Total Annual EATs Anticipated at Time of District Termination:

$25,965.00

Total Annual PILOTs Anticipated at Time of District Termination:

$84,423.00

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

Northwest Interstate TIF Plan

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues