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Section 1: Description of the Plan and Project

Name of City and/or County:

Perryville

Name of Plan or Project:

Redevelopment Plan for the I-55/Perryville Blvd.

Report Period:

10/1/2016 to 9/1/2017

Name of the Person Who Prepared this Annual Report:

Leslie Seabaugh, SEMO Regional Planning

Contact Information:

City or County Contact Agency:

Phone:

573-547-2594

Private Sector Developer:

none

Person:

Phone:

Original Date Plan/Project Approved:

Ordinance Number:

5308

Most Recent Plan Amendment:

Ordinance Number:

State House District:

116 & 145

State Senate District:

School District:

Perry County School District 32

Location:

Approximately 1,205 acres, generally along I-55 and Perryville Blvd.

Description of Plan/Project:

Streets, water and sewer, site improvements and a new I-55 changes

Plan/Project Status:

Under Construction

Area Type:

How was the "but-for" Determination Made?:

Number of Relocated Residences During This Report Period:

Number of Relocated Businesses During This Report Period:

Number of Parcels Acquired Through Use of Eminent Domain Power During This Report Period:

Identify Any Businesses That Have Relocation to the Redevelopment Area During this Report Period:

- None -

Estimate of New Jobs:

200

Actual To Date:

Estimate of Retained Jobs:

Actual To Date:

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:

$486,574.04

Amount on Hand:
(As of Report Date)

$358,202.98

Economic Activity Taxes (EATs):

Total Received since inception:

$56,349.42

Amount on Hand:
(As of Report Date)

$22,917.48

Total Revenue on hand in the Special Allocation Fund as of Report Date:

$381,120.46

EXPENDITURES FOR TOTAL PROJECT COSTS FUNDED BY TIF:

Total Since Inception:

Report Period Only:

Public Infrastructure (streets, utilities, etc):

$691,753.96

$0.00

Site Development (grading, dirt moving, etc):

$0.00

Rehab of Existing Buildings:

$0.00

Acquisition of Land or Buildings:

$0.00

Other:

$24,124.90

$2,594.50

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:

$40,837,500.00

Property Acquisition and Relocation Costs:

$1,000,000.00

Project Implementation Costs:

$5,875,000.00

Other:

$0.00

Other:

$0.00

Total Anticipated TIF Reimbursable Project Costs:

$47,712,500.00

ANTICIPATED TOTAL PROJECT COSTS:

$70,000,000.00

TIF FINANCING METHOD:

MATURITY OF TIF OBLIGATIONS:

Original Estimate (# of Years to Retirement):

Current Anticipated Estimate (# of Year to Retirement):

ESTIMATED INCREASE IN TAX GENERATION:

Original Assessed Value of the Redevelopment Project:

$1,841,643.00

Assessed Valuation Added to the Redevelopment Project:

$3,299,682.00

Anticipated Assessed Value at Time of District Termination:

$27,012,931.00

Total Amount of Base Year EATs:

$0.00

Total Amount of Base Year PILOTs:

$81,887.00

Total Annual EATs Anticipated at Time of District Termination:

$2,794,418.00

Total Annual PILOTs Anticipated at Time of District Termination:

$0.00

Percentage of EATs Captured:

50%

Total Years Anticipated to Capture EATs:

Percentage of PILOTs Captured:

100%

Total Years Anticipated to Capture PILOTs:

The Office of Missouri State Auditor

Scott Fitzpatrick

Redevelopment Plan for the I-55/Perryville Blvd.

Section 1: Description of the Plan and Project

- None -

Section 2: Tax Increment Financing Revenues