Highway 61 Redevelopment Area TIF Plan
Section 1 Description of the Plan and Project  
Name of City and/or County: Moscow Mills  
Name of Plan or Project: Highway 61 Redevelopment Area TIF Plan  
Report Period: 01/01/2016 to 12/01/2016  
Name of the person who prepared this annual report: Linda Haynes  
Contact Information:    
City or County Contact Agency:  
Phone: 636-356-4220  
Private Sector Developer: Crossroads Center Moscow Mills, LLC  
Person: David Brown, Lewis, Rice & Fingersh  
Phone: 314-444-7678  
Original Date Plan/Project Approved:  
Ordinance Number: 214  
Most Recent Plan Amendment:  
Ordinance Number: n/a  
State House District: 11  
State Senate District: 2  
School District Troy R-3 School District  
Location:    
The Redevelopment Area consists of approximately 234 acres adjacent to the Highway 61 and Missouri Route U intersections. A map of the Redevelopment Area is attached.  
Description of Plan/Project:    
The Redevelopment Project consists of infrastructure and road improvements throughout the Redevelopment Area to support up to 900,000 square feet of commercial development.  
Plan/Project Status: Under Construction
Area Type:  
How was the "but-for" determination made?:    
 
Number of Relocated Residences During This Report Period: 0    
Number of Relocation Businessess During This Report Period: 0    
Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period: 0    
Identify any business that have relocation to the Redevelopment Area during this report period:    
- None -
Estimate of New Jobs: 2540 Actual To Date: 0
Estimate of Retained Jobs: 0 Actual To Date: 0
     
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: $0.00 Amount on Hand: $0.00
    (As of Report Date)  
Economic Activity Taxes (EATs):      
Total received since inception: $0.00 Amount on Hand: $0.00
    (As of Report Date)  
       
Total Revenue on hand in the Special Allocation Fund as of Report Date: $0.00
   
EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF: Total Since Inception: Report Period Only:
Public Infrastructure (streets, utilities, etc): $0.00 $0.00
Site Development (grading, dirt moving, etc): $0.00 $0.00
Rehab of existing buildings: $0.00 $0.00
Acquisition of land or buildings: $0.00 $0.00
Other: $0.00 $0.00
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: $19,700,000.00  
Property Acquisition and Relocation Costs: $0.00  
Project Implementation Costs: $3,800,000.00  
Other: $0.00  
Other: $0.00  
Total Anticipated TIF Reimbursable Project Costs $23,500,000.00  
     
ANTICIPATED TOTAL PROJECT COSTS: $23,500,000.00  
TIF FINANCING METHOD:  
MATURITY OF TIF OBLIGATIONS:    
Original Estimate (# of Years to Retirement): 0  
Current Anticipated Estimate (# of Year to Retirement): 0  
     
ESTIMATED INCREASE IN TAX GENERATION:    
Original assessed value of the redevelopment project: $55,490.00  
Assessed valuation added to the redevelopment project: $0.00  
Anticipated Assessed Value at Time of District Termination: $13,334,231.00  
Total Amount of Base Year EATs: $1,000.00  
Total Amount of Base Year PILOTs: $3,342.00  
Total Annual EATs Anticipated at Time of District Termination: $1,394,574.00  
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