Name of City and/or County:
Cameron
Name of Plan or Project:
Manion Plaza Redevelopment Plan
Report Period:
10/1/2015 to 9/1/2016
Name of the Person Who Prepared this Annual Report:
Deborah Polk
City or County Contact Agency:
City of Cameron, Missouri
Private Sector Developer:
Manion Quality Homes and Construction, LLC
Original Date Plan/Project Approved:
8/1/2014
Most Recent Plan Amendment:
School District:
Cameron R-1
Southeast corner of the intersection of Baldwin Drive and Lana Drive in the City of Cameron, Missouri
Description of Plan/Project:
Development for commercial/retail uses in phases with total project costs anticipated to exceed 3 million andtax increment financing assistance of approximately 750,000.
Plan/Project Status:
Starting-Up
How was the "but-for" Determination Made?:
Project had unusual/extraordinary costs that made the project financially unfeasible in the market place. obsolete platting and inadequate street layout.
Number of Relocated Residences During This Report Period:
0
Number of Relocated Businesses During This Report Period:
0
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:
0
Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:
Estimate of Retained Jobs:
0
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
Economic Activity Taxes (EATs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
Total Revenue on hand in the Special Allocation Fund as of Report Date:
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:
Total Since Inception:
Report Period Only:
Public Infrastructure (streets, utilities, etc):
Site Development (grading, dirt moving, etc):
Rehab of Existing Buildings:
Acquisition of Land or Buildings:
AMOUNT PAID ON DEBT SERVICES:
Payments of principal and interest on outstanding bonded debt:
This Reporting Period:
$0.00
Reimbursement of developer for eligible cost:
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
This Reporting Period:
$0.00
ANTICIPATED TIF REIMBURSEMENT COSTS:
Public Infrasture and Site Development Costs:
$735,000.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$15,000.00
Total Anticipated TIF Reimbursable Project Costs:
$750,000.00
ANTICIPATED TOTAL PROJECT COSTS:
$3,266,000.00
TIF FINANCING METHOD:
Pay-as-you-go
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:
$39,980.00
Assessed Valuation Added to the Redevelopment Project:
$0.00
Anticipated Assessed Value at Time of District Termination:
$787,479.00
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:
$152,536.00
Total Annual PILOTs Anticipated at Time of District Termination:
$44,706.00
Percentage of EATs Captured:
50%
Total Years Anticipated to Capture EATs:
23
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
23
