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Downtown Washington Redevelopment Plan & Project

Section 1: Description of the Plan and Project
Washington
Downtown Washington Redevelopment Plan & Project
12/1/2015 to 11/1/2015
Mary J. Sprung, CPA, Finance Director
City of Washington, MO
636-390-1000
Bank of Washington
L. B. Eckelkamp, Jr. Chairman of the Board
636-239-7831
2/1/2007
07-10180
08/01/2010
10-10752
109
26
Washington School District
Generally bounded by the Missouri River tot he North Locust Street, Walnut Street, Market Street and Jefferson Street to the East Third Street, Main Street, and Front Street to the South and parcels fronting Elm Street to the West.
The Redevelopment Program and project concept involves multiple developments and activities including rehabilitation/expansion of the Bank of Washington, relocation of the Franklin County Recycling Facility, redevelopment of the Ready-Mix Cement Plant into a mixed use dev., relocation of railroad switch and maintenance facility, location of the overhead electrical power lines to below ground, a streetscape program and grant/loan facade prog
Fully-Operational
Conservation
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.
0
0
0
Name Address Phone Number New or Relocated? Rel. from What City/County
Condition One Crossfit 1 W. Main Suite 130 New Business
DW Baseball Company 4 Lafayette Street New Business
Envy Washmo 5 W. Second New Business
Gottfrieds Cabin Gast Haus 124 Jefferson Street New Business
Jennie and Grace 219 W. Main Street New Business
MC Nail 223 Elm New Business
Miles Counseling 120 W. Front B New Business
My Vintage Varia 120 W. Main St. New Business
Plush 127 Elm St. Suite 100 New Business
Present Moment Yoga 127 Elm Suite 310 New business
Trankler Wealth Management 123 Lafayette New Business
7
7
102
102
Section 2: Tax Increment Financing Revenues
$1,101,198.84
$272,023.08
$205,186.75
$64,819.78
$336,842.86
$654,797.45
$125,795.20
$0.00
$0.00
$0.00
$0.00
$3,822,795.00
$3,450,000.00
$4,650,000.00
$0.00
$0.00
$11,855,900.00
$35,537,250.00
General Obligation Bonds
23
14
$5,763,197.00
$3,094,422.00
$254,005,408.00
$490,267.00
$329,895.00
$1,115,917.00
$1,130,160.00
50%
23
100%
23