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Section 1: Description of the Plan and Project

Name of City and/or County:

Sikeston

Name of Plan or Project:

60 West-RPA-2A

Report Period:

7/1/2015 to 7/1/2016

Name of the Person Who Prepared this Annual Report:

Carroll Couch

Contact Information:

City or County Contact Agency:

City of Sikeston

Phone:

573-471-2511

Private Sector Developer:

Cotton Ridge Development Co., LLC

Person:

Michael Bohannon

Phone:

573-471-7122

Original Date Plan/Project Approved:

1/1/2015

Ordinance Number:

5973

Most Recent Plan Amendment:

05/01/2016

Ordinance Number:

6022

State House District:

149

State Senate District:

School District:

New Madrid R-1

Location:

Located at the Northwest Corner of Hwys 60/61/ West of Wal Mart

Description of Plan/Project:

Construction of 100 room hotel

Plan/Project Status:

Under Construction

Area Type:

Blight, 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:

Name	Address	Phone Number	New or Relocated?	Rel. from What City/County
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:

$0.00

Amount on Hand:
(As of Report Date)

$0.00

Economic Activity Taxes (EATs):

Total Received since inception:

$0.00

Amount on Hand:
(As of Report Date)

$0.00

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

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$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:

$2,900,000.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$0.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$2,900,000.00

ANTICIPATED TOTAL PROJECT COSTS:

$11,545,000.00

TIF FINANCING METHOD:

Industrial Revenue Bond

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:

$167.00

Assessed Valuation Added to the Redevelopment Project:

$2,770,633.00

Anticipated Assessed Value at Time of District Termination:

$2,770,800.00

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:

$107,300.00

Total Annual PILOTs Anticipated at Time of District Termination:

$188,300.00

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

60 West-RPA-2A

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues