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Section 1: Description of the Plan and Project

Name of City and/or County:

Kirksville

Name of Plan or Project:

Kirksville Downtown Improvement TIF Plan

Report Period:

1/1/2015 to 12/1/2015

Name of the Person Who Prepared this Annual Report:

Lindsay Leckbee

Contact Information:

City or County Contact Agency:

City of Kirksville

Phone:

660-627-1224

Private Sector Developer:

Person:

Phone:

Original Date Plan/Project Approved:

12/1/1999

Ordinance Number:

11429

Most Recent Plan Amendment:

12/01/2000

Ordinance Number:

11475

State House District:

State Senate District:

School District:

Kirksville R-III

Location:

Location in the Central Business District. It is described as follows Illinois St. on the North from Marion to the alley East of Franklin Buchanan to First St. First St. to Washington Washington to Missouri St. Extended Missouri St. to City Limits City Limits to Normal Normal to Truman Campus Franklin to Pierce Pierce to Marion Marion to Illinois.

Description of Plan/Project:

Plan is intended to fund the implementation of the Kirksville Downtown Development Plan. Under this plan the area will be developed as one mixed-use development project. Project includes construction of new business buildings remodeling of existing buildings faade improvements renovation of streets, sidewalks & other public areas. Downtown infrastructure will be improved.

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. 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	Rel. from What City/County
African Food Business	208 N. Franklin	217-331-8948	New Address- within the TIF
AJ's Distributing LLC DBA Your Favorite Cleaners	306 & 308 W. Washington	573-795-4701	NEW
Amp'D LLC	108 E. Washington	660-349-8118	NEW
Audra Jackson Insurance & Finance Services	113 E. Washington	660-665-0700	NEW
Baker's Smokehouse DBA Baker's Smokehouse Catering Company	112 N. Franklin	660-349-0316	NEW
Baker's Smokehouse Restaurant, LLC	112 N. Franklin	660-349-0316	NEW
China Palace	124 N. Franklin	660-627-7400	NEW
College Pro Painters	404 S. Marion, Apt. D	660-349-9358	NEW
Fresh Eats Delivery	401 S. Elson	660-349-9358	NEW
KJ's Boutique	119 W. Washington	660-342-1776	NEW
Midwest Gold & Silver	202 S. Franklin	660-216-2346	Address Change-relocated
Original Burger Company- Sodexo Management Inc.	901 S. Franklin	866-372-3035	Name Change
Reliable Cleaning Services	105 E. Harrison	660-988-4431	Address Change-relocated
Ryan Sharp	206 N. Franklin	727-798-1101	NEW
Santanas	303 W. McPherson	619-799-1312	NEW
Skin Addiction	214 N. Franklin	660-988-8405	NEW
Stage Babies	209 W. Washington	660-988-1974	NEW
WE-Wagner Construction, LLC	111 N. Main, Suite 106	660-216-5538	Name Change
YoGo LLC DBA TruYo - Mobile	116 s. Franklin	816-838-9353	NEW
Zimes- Sodexo Management Inc.	901 S. Franklin	866-372-3035	Name Change

Estimate of New Jobs:

Actual To Date:

Estimate of Retained Jobs:

100

Actual To Date:

100

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:

$2,705,132.00

Amount on Hand:
(As of Report Date)

$647,301.00

Economic Activity Taxes (EATs):

Total Received since inception:

$1,230,607.00

Amount on Hand:
(As of Report Date)

$0.00

Total Revenue on hand in the Special Allocation Fund as of Report Date:

$647,301.00

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$3,149,147.00

$70,951.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$4,058.00

$140.00

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:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$0.00

ANTICIPATED TOTAL PROJECT COSTS:

$15,052,479.00

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:

$6,950,220.00

Assessed Valuation Added to the Redevelopment Project:

$4,473,860.00

Anticipated Assessed Value at Time of District Termination:

$18,640,660.00

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:

$2,321,045.00

Total Annual PILOTs Anticipated at Time of District Termination:

$19,765,061.00

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

Kirksville Downtown Improvement TIF Plan

Section 1: Description of the Plan and Project

Section 2: Tax Increment Financing Revenues