Ellsinore TIF District
Section 1 Description of the Plan and Project  
Name of City and/or County: Ellsinore  
Name of Plan or Project: Ellsinore TIF District  
Report Period: 07/01/2015 to 06/01/2016  
Name of the person who prepared this annual report: KIMBERLY MAYNARD  
Contact Information:    
City or County Contact Agency: CITY OF ELLSINORE  
Phone: 5733225333  
Private Sector Developer: KEARBEY ENTERPRISES, LLC  
Person: DAVID KEARBEY  
Phone: 5733225322  
Original Date Plan/Project Approved: 09/01/2012  
Ordinance Number: 131  
Most Recent Plan Amendment: 11/01/2014  
Ordinance Number: 152 - INTENT TO DISSOLVE  
State House District: 153  
State Senate District: 3  
School District EAST CARTER COUNTY R-II  
Location:    
THERE WERE PREVIOUSLY TWO REDEVELOPMENT PLAN AREAS. RPA1 WAS LOCATED IN THE DOWNTOWN ELLSINORE AREA, RPA2 WAS LOCATED ON US HIGHWAY 60 IN ELLSINORE. THE BOARD SIGNED AN INTENT TO DISSOLVE ORDINANCE IN NOVEMBER, 2014.  
Description of Plan/Project:    
NONE - INTENT TO DISSOLVE  
Plan/Project Status: Inactive
Area Type: Blight  
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. Project required parcel assembly and/or relocation costs.  
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
Ross Oil Hwy 60 W RR2, Box 2111, Ellsinore, MO 63937 573-322-0999 N/A
Van Dykes 1 East Cleveland Ave., Ellsinore, MO 63937 573-322-5322 N/A
Estimate of New Jobs: 0 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: $34,575.00 Amount on Hand: $8,048.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $8,048.00
   
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: $10,931.00 $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: $0.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $0.00  
Other: $10,000.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $10,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $35,356.00  
TIF FINANCING METHOD: Pay-as-you-go  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 0  
Current Anticipated Estimate (# of Year to Retirement): 0  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $435,700.00  
Assessed valuation added to the redevelopment project: $150,940.00  
Anticipated Assessed Value at Time of District Termination: $0.00  
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: $0.00  
Total Annual PILOTs Anticipated at Time of District Termination: $0.00  
Percentage of EATs Captured: 0%  
Total Years Anticipated to Capture EATs: 0
Percentage of PILOTs Captured: 0%  
Total Years Anticipated to Capture PILOTs: 0