Name of City and/or County:
Waynesville
Name of Plan or Project:
Highway H Redevelopment
Report Period:
1/1/2015 to 12/1/2015
Name of the Person Who Prepared this Annual Report:
Stephanie Leuthen
City or County Contact Agency:
City of Waynesville
Private Sector Developer:
Variour
Original Date Plan/Project Approved:
5/1/1994
Most Recent Plan Amendment:
03/01/2007
School District:
Waynesville R-6
Land West of Highway H & North of I-44
Description of Plan/Project:
Construction of full service grocery store, shopping center, movie theater. Service Station, mini mall farm and home store, auto dealership, fast food, restaurant, variety store and sit down restaurant.
Plan/Project Status:
Fully-Operational
How was the "but-for" Determination Made?:
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 New Jobs:
300
Estimate of Retained Jobs:
300
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$2,837,459.43
Amount on Hand:
$14,079.00
Economic Activity Taxes (EATs):
Total Received since inception:
$6,485,833.39
Amount on Hand:
$14,079.00
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:
Since Inception:
$8,648,221.00
This Reporting Period:
$490,000.00
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:
$0.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$0.00
Total Anticipated TIF Reimbursable Project Costs:
$0.00
ANTICIPATED TOTAL PROJECT COSTS:
$0.00
TIF FINANCING METHOD:
TIF Notes
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
15
Current Anticipated Estimate (# of Year to Retirement):
2
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$274,000.00
Assessed Valuation Added to the Redevelopment Project:
$3,899,390.00
Anticipated Assessed Value at Time of District Termination:
$4,000,000.00
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:
$6,373,120.00
Total Annual PILOTs Anticipated at Time of District Termination:
$2,717,530.00
Percentage of EATs Captured:
50%
Total Years Anticipated to Capture EATs:
2
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
2
