Name of City and/or County:
Lake Ozark
Name of Plan or Project:
Horseshoe Bend Interior District TIF Plan
Report Period:
11/1/2016 to 11/1/2017
Name of the Person Who Prepared this Annual Report:
Dave Van Dee
City or County Contact Agency:
Private Sector Developer:
Horseshoe Bend Development Group, LLC
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
12/01/2008
State Senate District:
006
School District:
School of the Osage
Redevelopment area is located in the City of Lake Ozark, Missouri, east of the intersection of the Horseshoe Bend Parkway State Route 242 extension project and business 54.
Description of Plan/Project:
The redev area contains approx 450 acres and is subdivided into nine 9 redev projects. The proj call for the const of various comm uses, including office, general commercial, institutional and retail with a total est building sq ft of approx 2,900,000. 1,290 units of median density housing, 850 units of high density housing along with various public imp, such as sidewalks, streets and utility infrastructure ext and system imp.
Plan/Project Status:
Starting-Up
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:
2780
Estimate of Retained Jobs:
25
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:
$0.00
Economic Activity Taxes (EATs):
Total Received since inception:
$0.00
Amount on Hand:
$0.00
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:
This Reporting Period:
$0.00
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:
$49,202,885.00
Property Acquisition and Relocation Costs:
$0.00
Project Implementation Costs:
$3,340,850.00
Total Anticipated TIF Reimbursable Project Costs:
$176,610,164.00
ANTICIPATED TOTAL PROJECT COSTS:
$857,867,672.00
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:
$461,900.00
Assessed Valuation Added to the Redevelopment Project:
$0.00
Anticipated Assessed Value at Time of District Termination:
$583,659,052.00
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:
$235,582,353.00
Total Annual PILOTs Anticipated at Time of District Termination:
$0.00
Percentage of EATs Captured:
39%
Total Years Anticipated to Capture EATs:
23
Percentage of PILOTs Captured:
61%
Total Years Anticipated to Capture PILOTs:
23
