Name of City and/or County:
Cameron
Name of Plan or Project:
Crossroads II Tax Increment Financing Plan
Report Period:
10/1/2016 to 9/1/2017
Name of the Person Who Prepared this Annual Report:
Deborah Polk
City or County Contact Agency:
Private Sector Developer:
RP IIMEG, RP IIIOrscheln, RP IVCommercial Enter
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
03/01/2009
School District:
Cameron R-1
Located in the vicinity of US Highway 69, Interstate 35 and US 36 in the City of Cameron, Missouri in or near the Crossroads Corporate Center.
Description of Plan/Project:
The Plan provides for the redevelopment of the area in multiple phases for commercial and retail uses. Redevelopment Project I was not pursued as a TIF. Redevelopment Project II is inactive and has been for a number of years. Redevelopment Project III is a 1.5 million retail project. Redevelopment Project IV is a commercial building.
Plan/Project Status:
Fully-Operational
How was the "but-for" Determination Made?:
Plus obsolete platting and inadequate street layout.
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 Retained Jobs:
0
TIF REVENUE DEPOSITS TO THE SPECIAL ALLOCATION FUND AS OF THE REPORT DATE:
Payments in Lieu of Taxes (PILOTs):
Total Received since inception:
$233,290.51
Amount on Hand:
$2,217.42
Economic Activity Taxes (EATs):
Total Received since inception:
$174,640.86
Amount on Hand:
$1,602.07
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:
This Reporting Period:
$0.00
Reimbursement of developer for eligible cost:
Since Inception:
$402,866.44
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:
$3,309,897.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$128,718.00
Total Anticipated TIF Reimbursable Project Costs:
$3,628,615.00
ANTICIPATED TOTAL PROJECT COSTS:
$29,096,613.00
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
23
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$112,430.00
Assessed Valuation Added to the Redevelopment Project:
$476,720.00
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:
50%
Total Years Anticipated to Capture EATs:
23
Percentage of PILOTs Captured:
100%
Total Years Anticipated to Capture PILOTs:
23
