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Section 1: Description of the Plan and Project

Name of City and/or County:

Cameron

Name of Plan or Project:

MP-L4 Redevelopment Plan

Report Period:

3/1/2016 to 9/1/2016

Name of the Person Who Prepared this Annual Report:

Deborah Polk

Contact Information:

City or County Contact Agency:

City of Cameron

Phone:

816-632-2177

Private Sector Developer:

KMB Properties, L.L.C.

Person:

Phone:

Original Date Plan/Project Approved:

3/1/2016

Ordinance Number:

5918

Most Recent Plan Amendment:

Ordinance Number:

State House District:

State Senate District:

School District:

Cameron R-1

Location:

Area located generally near the southeast corner of the intersection of Baldwin Drive and Lana Drive in the City of Cameron consisting of less than one acre. Such area is commonly referred to as 616 Lana Drive and 628 Lana Drive, Cameron, Missouri.

Description of Plan/Project:

The plan calls for the development of the site for commercial use the expansion of an existing business in a single phase with total project costs estimated at 500,000. The proposed redevelopment plan calls for the use of tax increment financing TIF funds in the estimated amount of 130,000 plus interest for improvements including without limitation site preparation and improvements, and for professional services, all as further set forth in the redevelopment plan.

Plan/Project Status:

Fully-Operational

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. Also improper subdivision, obsolete platting, grading deficiencies and lack of proper placement of utilities.

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:

$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:

$10,000.00

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:

$120,000.00

Property Acquisition and Relocation Costs:

$0.00

Project Implementation Costs:

$10,000.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$130,000.00

ANTICIPATED TOTAL PROJECT COSTS:

$500,000.00

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:

$122,410.00

Assessed Valuation Added to the Redevelopment Project:

$0.00

Anticipated Assessed Value at Time of District Termination:

$279,375.00

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:

$9,388.00

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

MP-L4 Redevelopment Plan

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues