Name of City and/or County:
St. Louis
Name of Plan or Project:
Argyle Redevelopment Plan (352-07)
Report Period:
7/1/2016 to 6/1/2017
Name of the Person Who Prepared this Annual Report:
Dale Ruthsatz
City or County Contact Agency:
Private Sector Developer:
Treasurer, City of St. Louis
Original Date Plan/Project Approved:
Most Recent Plan Amendment:
School District:
City of St. Louis
The commercial area south of Lindell Blvd. and east of Kingshighway Blvd.
Description of Plan/Project:
TIF is being used to back up bonds issued by the City Treasurer to build the Argyle Garage to serve the surrounding commercial district, including the renovated Chase Park Plaza Apartments and Hotel. The availability of parking is expected also to help market other commercial buildings in the district, which have been unoccupied for a long time.
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 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:
$9,381,900.00
Amount on Hand:
$5,368,119.00
Economic Activity Taxes (EATs):
Total Received since inception:
$8,426,517.00
Amount on Hand:
$827,337.00
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:
$11,140,919.00
This Reporting Period:
$687,535.00
Reimbursement of developer for eligible cost:
Since Inception:
$401,644.00
This Reporting Period:
$0.00
Reimbursement to city/county (or other public entity) for eligible costs:
Since Inception:
$70,398.00
This Reporting Period:
$6,656.00
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:
$14,500,000.00
ANTICIPATED TOTAL PROJECT COSTS:
$14,500,000.00
MATURITY OF TIF OBLIGATIONS:
Original Estimate (# of Years to Retirement):
23
Current Anticipated Estimate (# of Year to Retirement):
5
ESTIMATED INCREASE IN TAX GENERATION:
Original Assessed Value of the Redevelopment Project:
$2,563,040.00
Assessed Valuation Added to the Redevelopment Project:
$10,857,940.00
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:
0%
Total Years Anticipated to Capture EATs:
0
Percentage of PILOTs Captured:
0%
Total Years Anticipated to Capture PILOTs:
0
